The RIAA appears to be dying

The RIAA’s most recent tax filing shows that the group’s revenue for the period that ended on March 31, 2011, has fallen 44 percent over the two years prior. Chances are, the financial outlook is even more grim for 2012.  The reason for the fall in revenue is primarily a result of a drop in dues paid by the major record labels that serve as RIAA members.  

The amount of money the RIAA spends on lobbying the U.S. government has remained about the same over the past few years, at a steady $2.3 million annually.

(Source: wilkinsky.us)