Rumors are a-flyin’ that EMI is yanking its funding from music trade groups like the Recording Industry Association of America (RIAA) and the International Federation of the Phonographic Industry (IFPI) as part a big ol’ internal review of its operations.
EMI has been unhappy with the trade groups' work for awhile and says that the review is prompted in large part "by falling industry revenues resulting from the decline in global music sales."
Some are saying this could lead to a merger of the IFPI and RIAA, which would essentially bury the RIAA for good.
(Can you tell how I fell about the RIAA?)
Arstechnica.com: RIAA on its last legs?