How to Make $3.2m Working in the Music Industry

May 23rd, 2011

Apparently, the way to make money in the music industry is to work at the RIAA.

According to Digital Music News, the non-profit’s IRS filings of 2009 (submitted 2/11/11 – better submitted late than never, I suppose) reveal a payout of over $16 million in “salaries, other compensation, and employee benefits.” Topping the list is President Cary Sherman who made a whopping $3.2 million in 2009.

The RIAA works to protect the intellectual property and First Amendment rights of artists and music labels; conduct consumer, industry and technical research; and monitor and review state and federal laws, regulations and policies. (See, www.RIAA.org for more info about the organization).

Source: http://www.digitalmusicnews.com/stories/052211riaa