RIAA boss’ farewell message says industry is ‘winning’ against piracy
Mitch Bainwol, Chairman and CEO of the Recording Industry Association of America, is calling it quits after eight years of steering the organization through some tumultuous times. Under Bainwol’s watch, file-sharing sites Grokster and LimeWire met their demise even as the music industry was dragged kicking and screaming into the digital age. The outgoing executive offered some choice thoughts about his experiences in a letter addressed to the industry members he leaves behind.
In the full letter published earlier this week at Billboard, Bainwol stated that 2011 is a watershed year for the music industry.
“I believe 2011 is the year music historians will highlight as our turnaround,” Bainwol wrote. “We are regaining our mojo and are on a bit of a roll, even if some of us – understandably – are tentative and reluctant to celebrate the apparent pivot in our fortunes.”
Bainwol cited a number of factors – from LimeWire’s closure to the impending launch of Apple’s iCloud – as good omens that represent “a fundamental shift” for the music community at large.
“Between Apple’s iCloud, Spotify and other great emerging services, fans are going to be able to access and enjoy music in powerful new ways that can only strengthen our collective future,” he said. “The Internet is no longer cannibalizing our future; it’s enabling it.”
Spotify, which made its U.S. debut last month, is a streaming music service that boasts both free and paid subscription plans. Listeners can choose the songs they’d like to hear – a twist that sets it apart from other free music services such as last.fm and Pandora. Apple’s iCloud expansion will offer similar features to iTunes users when it launches this fall.
The ex-RIAA chief pointed out that shutting down LimeWire in particular made a considerable impact on illegal online music-sharing and resulted in a 20 percent total decline in the practice. “The battle isn’t over,” Bainwol admitted, “but finally, we have momentum and we are winning.”
Bainwol, who accepted a new job as President and CEO of the Alliance of Automobile Manufacturers, will be replaced by Cary Sherman on September 1st. Sherman previously served as RIAA President and has been with the group since 1997.
“Setting the legislative agenda at both national and state levels, working to protect and promote intellectual property in the U.S. and throughout the world, coordinating with law enforcement on both physical and digital theft, and representing the industry in negotiations and before government tribunals to empower new business models and standards – all of these are vital functions and I look forward to taking them on,” said Sherman. (via TorrentFreak)
There are 4 comments
- Blown to smitherines
- Posted on: 14 Aug 11 22:58
We now know why the dinosaurs went extinct. They were smoking whacky weed and living in delusion.
"we have now totally eliminated piracy of music...we're no longer releasing any music that anyone wants to listen to.
Just like ubisoft & their DRM riddled games.
- Legal Senior Admin
- Posted on: 15 Aug 11 08:40
- MyCE Resident
- Posted on: 15 Aug 11 14:43
How has the sale of music CD's faired during that same 8 years?
- MyCE Resident
- Posted on: 16 Aug 11 02:07
Most popular headlines
- Sun 26 Oct 11:10 by DoMiN8ToR
Traces in the Android source code give us hints that the next Nexus device will ...
- Mon 27 Oct 05:10 by DoMiN8ToR
The Spanish company CineMartin claims to have developed software that makes it p...
- Tue 28 Oct 04:10 by DoMiN8ToR
Microsoft will no longer sell computers with Windows 7 installed starting t...
- Wed 29 Oct 07:10 by DoMiN8ToR
Our firsts with the free version of Cinemartin MyBD indicate that the software d...
- Thu 30 Oct 05:10 by DoMiN8ToR
DVD Ranger today posted a blog on their site reporting their Cinavia removal sof...