EMI no longer fighting the future?

emi.pngReuters reports that the British music industry biggie, EMI, is looking for ways to substantially reduce the amount of cash it hands out to those vicious child-suing trade groups known as the RIAA and IFPI. Times are tight, they say, and there is talk of saving and efficiency – and the so-called “copyright mafia” have been ineffective in curbing piracy. I guess they think that sending millions upon millions of pounds into a controversial and ineffective black hole is not a smart investment. There’s nothing solid yet (they credit a “source”), but if a major like this drops its support for the trade groups, it could start an avalanche. Here’s hoping.

EMI wants to cut funding to trade groups -source [Reuters]