Following the guidelines of the Intl. Federation of the Phonographic Industry, EMI sent a letter the last week of December to IFPI leadership stating that the company would file to leave the org if the structure and aims of the IFPI are not aligned with the interests of EMI. A source close to the negotiations said all four major labels are in talks with IFPI about altering its course. “This is not about cost-cutting,” the source said. “Functions and structure need to make sense to all major labels. Right now, funding them doesn’t make sense. (Variety)
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