RIAA Circling The Drain?
The Recording Industry Association of America (RIAA) has reportedly issued pink slips to 50 staffers so far this year. Although, the music trade organization refuses to comment on the layoffs, it appears that this could be the beginning of the end for the ineffective, and much maligned, organization. The RIAA which made its living from harassing file-traders and suing 12 year-old girls on welfare may be on its last legs. With the...
Muzak Circles The Drain, Elevators May Go Silent
Muzak Holdings, the company that puts “foot tapping” music in elevators, supermarkets and other unsuspecting venues, has filed for bankruptcy after it missed a $105 million payment to creditors. Muzak hopes to restructure its debt load during the Chapter 11 process, the company stated in a release. Bankruptcy documents showed Muzak owes its largest creditor — U.S. Bank, as indentured trustee — about $370...
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