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RIAA Revenue Drops to Record Low

TorrentFreak: "The RIAA has submitted its latest tax filing to the IRS, covering the fiscal year ending March 31, 2013, which provides some background on how the organization is faring.

Continuing the trend from recent years the total revenue of the anti-piracy group dropped once again, to $24.2 million. This is a record low in recent history, and down more than 50% compared to four years ago.

The drop is a direct result of the decrease in membership dues the RIAA receives from the record labels, which makes up almost its entire budget. Apparently the labels have decided to put less money into anti-piracy efforts, or stop the payments altogether."

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