Despite rumors to the contrary, EMI has announced it will remain a member of IFPI, the trade association that represents the recording industry worldwide.
Jean-Francois Cecillon, President, EMI Int'l said in a statement, "We undertook to work with our colleagues inthe other major labels...on a cost saving plan for the IFPI and together we have been able to find solutions which we believe are achievable whilst maintaining what the IFPI does best in representing our industry."
Translation: EMI and perhaps other major labels will be putting less money into IFPI and thus less money into international piracy efforts.
Does reduced IFPI funding mean the majors are finally realizing the futility of most anti-piracy efforts or is it simply a reflection of belt-tightening at the big four?
Tell us what you think.
More on the IFPI:
IFPI represents more than 1,400 members in over 73 countries and works with affiliated national groups in 48 countries. Its mission is to promote the value of recorded music, safeguard the rights of record producers and expand the commercial uses of recorded music.
John Kennedy, Chairman and Chief Executive of IFPI, says: "I am delighted that EMI has decided to continue working with IFPI. It is extremely valuable for us to have their support in trying to address the many different challenges the recording industry is facing and addressing."
