It seems like the RIAA is in meltdown! In their latest tax filings they have seen a huge reduction in overall revenues and it has had to layoff more than half of its staff.

In just two years overall revenue has reduced from to $34.8 to $24.8 million.

Although I’m sure the staff who have been laid off wont be happy to hear that the CEO is now getting over $1.5 million per year!

RIAAsalaries2013 music industry

Does this mean that the RIAA is slowly becoming irrelevant?

riaa offices music industry piracy