Credit:
The RIAA and the lesser known but similar IFPI (International Federation of the Phonographic Industry) receive funding primarily from EMI, Warner, Sony BMG and Universal. Estimates put the combined funding at an approximate $132.48 million a year. Sony and Universal haven't been recently vocal about their feelings on the RIAA, but Time Warner CEO Egar Bronfman recently confessed that "We were wrong to go to war with consumers."
Given that support for the RIAA is waning, one can only hope that movements towards a Listener Licensed society will cease. Certainly, a crippled RIAA can signal a move away from the proposed gestapo tactics and lawsuits against 12 year olds.
[via Reuters UK]