--- title: "RIAA’s revenue declines by nearly half, tax records show" id: "13278" type: "post" slug: "riaas-revenue-declines-by-nearly-half-tax-records-show" published_at: "2012-08-31T18:25:50+00:00" modified_at: "2026-03-17T17:12:23+00:00" url: "https://associationsnow.com/2012/08/31/riaas-revenue-declines-by-nearly-half-tax-records-show/" markdown_url: "https://associationsnow.com/2012/08/31/riaas-revenue-declines-by-nearly-half-tax-records-show.md" excerpt: "Between 2009 and 2011, the controversial music industry group saw a decline in revenue of over 40 percent." taxonomy_category: - "Business Development" taxonomy_post_tag: - "AssociationsNow" - "Business" - "Music" - "revenue decline" - "RIAA" taxonomy_content_format: - "Article" taxonomy_role: - "Association CEO / Executive Director" - "C-Level" - "Executive Team" taxonomy_persona: - "Executive Leadership" --- [Home](https://associationsnow.com/) » [Articles](https://associationsnow.com/format/article/) » RIAA’s revenue declines by nearly half, tax records show Is a key music industry association losing influence among its members? The Recording Industry Association of America, which has spent much of the past decade in an ongoing fight against online piracy, saw its revenues fall from by 44 percent in a two year period, primarily due to a decline in member dues, [according to a report by file-sharing news blog TorrentFreak (opens in a new tab)](http://torrentfreak.com/riaa-revenue-dwindles-as-labels-cut-back-120817/) . The group reported $51.35 in revenue in 2009, on member dues that [Digital Music News reports (opens in a new tab)](http://www.digitalmusicnews.com/permalink/2012/120817riaa) at $49.76 million. In a report for the fiscal year ending March 31, 2011, the group reported revenues of $29.1 million, with member dues totaling $27.88 million. The report was only released recently after a long delay, but includes a period — the first half of 2011 — in which the the music industry was on an upswing, with a 1 percent total increase in revenue. As a result of the declining revenue, the group has had to cut back in a number of places. For example, its staff has declined from 117 to 72 during the period, though top executive salaries — including for former CEO Mitch Bainwol (who made $1.75 million) and current CEO Cary Sherman (who made $1.37 million) remained high. The group’s legal fees declined precipitously, from $16.5 million to $2.34 million, [corresponding with the ending of the group’s lawsuits (opens in a new tab)](http://online.wsj.com/article/SB122966038836021137.html) against file-sharers. The lawsuit campaign, which led to an overall increase in U.S. copyright lawsuits [between the years 2003 and 2008 (opens in a new tab)](http://www.wired.com/threatlevel/2010/05/riaa-bump/) , targeted individual consumers rather than networks. Despite the decline in the RIAA’s revenue, the music industry at large is [increasing its spending on lobbying efforts (opens in a new tab)](http://www.billboard.biz/bbbiz/industry/record-labels/business-matters-lobbying-spending-heat-1007384952.story) . *(via*[DigitalTrends (opens in a new tab)](http://www.digitaltrends.com/music/the-riaa-is-dying/) *)* [Ernie Smith](https://associationsnow.com/author/ernie-smith/) Ernie Smith is a former senior editor for Associations Now. [More articles by this author](https://associationsnow.com/author/ernie-smith/) Tags: [#Business](https://associationsnow.com/tag/business/) [#Music](https://associationsnow.com/tag/music/) [#revenue decline](https://associationsnow.com/tag/revenue-decline/) [#RIAA](https://associationsnow.com/tag/riaa/) **Stay Informed** [Subscribe to our free newsletter](https://associationsnow.com/newsletter/) , *Associations Now Daily News*, to find out what’s happening in the association world every business day. ## You Might Like - [VideoGRAMMY-Winning Artist Nelly to Perform at the 2024 ASAE Annual Meeting & Exposition in ClevelandJune 20, 2024](https://associationsnow.com/2024/06/20/grammy-winning-artist-nelly-to-perform-at-the-2024-asae-annual-meeting-exposition-in-cleveland/) - [VideoIntroducing Your 2024 ASAE Annual Meeting Immersive Final Act, Choir! Choir! 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