TorrentFreak

After originally threatening to leave, London-based EMI Records has confirmed it will remain a member of the IFPI. With its self-imposed deadline of March 31st 2008 looming, the company has struck a deal so that EMI - together with other members - will now contribute less to anti-piracy activities.

Despite collecting an estimated several hundred million dollars in P2P related settlements from the likes of Napster, KaZaA and Bolt, prominent artists’ managers are complaining that so far, they haven’t received any compensation from the labels. According to a lawyer, some are considering legal action.