RIAA Sacks Half its Staff and CEO Gains a Raise! Ohh and Plummeting Revenues

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!

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Does this mean that the RIAA is slowly becoming irrelevant?

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Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

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