All four major labels are reportedly in talks with the IFPI about refocusing its efforts, with EMI demanding a proposal on how the IFPI intends to reorganize by the end of March. EMI currently pays out some $25 million a year to music industry trade bodies. But the labelís new owner, Guy Hands, has been suggesting such costs are a waste of money and has threatened to cut EMIís annual funding commitment by half, arguably putting a dent in the trade bodiesí efforts to crackdown on music piracy.
One idea that has been pitched by the labels is a consolidation of the IFPI and the RIAA into a single unit that will focus on piracy issues and lobbying. If that happens, the RIAA as we know it might disappear, even as its work continues under a different name or management.