RIAA Revenue Dwindles As Labels Cut Back [17-08-12 17:16]
The latest RIAA tax filing shows that the revenue generated by the anti-piracy group has reached a new low. In just two years the membership dues from music labels have been cut in half and have now sunk to below $30 million a year. While the group has 72 employees, payouts to the top two executives including CEO Cary Sherman amount to more than $3 million, some 25% of the total wage bill.Source: RIAA Revenue Dwindles As Labels Cut Back
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The latest RIAA tax filing shows that the revenue generated by the anti-piracy group has reached a new low. In just two years the membership dues from music labels have been cut in half and have now sunk to below $30 million a year. While the group has 72 employees, payouts to the top two executives including CEO Cary Sherman amount to more than $3 million, some 25% of the total wage bill.Source: RIAA Revenue Dwindles As Labels Cut Back
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