Millions spent on p2p battles http://p2pnet.net/story/6629
p2p news / p2pnet:- The RIAA (Recording Industry Association of America) fights the good fight against those hundreds of millions of villainous men, women and children who get out of bed, every morning, bent on robbing the hard-pressed labels of what¹s rightfully theirs their profits. Acting for its owners, Organized Music (EMI Group, Vivendi Universal, Warner Music and Sony BMG), the RIAA is championed by Mitch The Don¹ Bainwol and Cary Scary¹ Sherman, the ceo and president of the RIAA, respectively. But undoing the evil wrought by the likes of 14-year-old Britanny Chan doesn¹t come cheap and according to US Internal Revenue Service filings, the RIAA had an income of $46.4 million, but expenses of $51 million, leaving it in the hole to the tune of $4.6 million. And that¹s despite the many millions of dollars in blackmail payments the RIAA has so far brought in from victims under settlement¹ deals during its sue em all marketing campaign According to the IRS, the RIAA spent $14.5 million in outside legal fees and $11.7 million in ³employee compensation². Interestingly, Sherman got $1.13 million, but his boss, Bainwol, received a trifling $908,848. MPAA in the red However, the RIAA isn¹t the only trade¹ organization which finds itself desperately trying to combat the ravages of file sharing. The MPAA (Motion Picture Association, of America) owned principally by the Big Seven studios, (Walt Disney, Sony Pictures Entertainment, Metro-Goldwyn-Mayer, Paramount Pictures Corporation, Twentieth Century Fox Film Corporation, Universal City Studios LLLP; and Warner Bros), is also in the trenches. It brought in $51.5 million and paid out $53.1 million, putting it nearly $1.6 million in the red for 2004, says its IRS filings. It spent $8.4 million fighting the monster it created, dry-land piracy, and spent $5.8 million on lobbying efforts. Then-president Jack Valenti took home $1.4 million, executive vps Simon Barsky and William Murray banked $380,351 and $379,559 respectively, executive vp and general counsel Fritz Attaway received $285,263, senior vps Brad Hunt, Vans Stephenson and Ken Jacobsen got $269,172, $249,602 and $242,215 respectively, and senior vp and cfo Mark Howe was paid $198,975. In the meanwhile, both entertainment industry groups are reporting record earnings. You are a subscribed member of the infowarrior list. Visit www.infowarrior.org for list information or to unsubscribe. This message may be redistributed freely in its entirety. Any and all copyrights appearing in list messages are maintained by their respective owners.
