New EMI Boss Questioning Trade Orgs Value

Apparently Guy Hands has reportedly called into question the heavy commitments the music industry has incurred in reference to the major trade organizations of IFPI, BPI, and RIAA.  According to this article in Billboard.biz, the industry spends $250 million annually between these groups.

Since Mr. Hands has been pouring over company financials, it appears to me that he is questioning whether the money is well spent.  I have long been critical of the RIAA’s lawsuit campaign, which doesn’t effectively stop file sharing but manages to aggravate the very people we need to sell music to.  If EMI is looking into this measure, perhaps there’s reform to be had.  The lawyering has not been a positive solution, and perhaps Mr. Hands’s fresh eyes are seeing things in a new perspective.

With all the leaks coming from EMI lately, 2008 is shaping up to be an interesting one…

~ by Som on November 29, 2007.