Friday, May 30, 2008

Recording Industry Lobbied $1.5M in 1st Quarter 2008

From AP:
Recording industry spent $1.5 million in first quarter to lobby on piracy, Internet broadcasts
The Recording Industry Association of America spent more than $1.5 million in the first quarter to lobby on copyright theft and other issues, according to a disclosure report.

As the main trade group for music recording companies, RIAA lobbied the federal government on legislation to strengthen U.S. laws against counterfeiting and piracy, including online theft of music. Piracy is one of the top issues for RIAA, which says music theft results in $12.5 billion annually in terms of lost jobs and wages, tax reeves, personal income tax and lost corporate income and production taxes.