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"Per the RIAA, the entire recorded music industry in the US recorded under $7 Billion in revenue in 2014." Amazing. We think of the RIAA, or "big music" as so
by rsync 11y ago
"Per the RIAA, the entire recorded music industry in the US recorded under $7 Billion in revenue in 2014."
Amazing. We think of the RIAA, or "big music" as some kind of juggernaut force in society and politics - especially Internet politics.
But their entire industry top line is smaller than what fedex makes in a month.[1]
[1] http://www.nasdaq.com/symbol/fdx/revenue-eps http://www.nasdaq.com/symbol/fdx/revenue-eps
- ixtli 11y agoSadly that's still more than enough money to bully individuals :(
- charlesdenault 11y agoThat's astonishing. I'd be interested in seeing some more statistics on the amount of lobbying vs market size compared to other industries (e.g. Transportation, Hospitality, Pharma).
- jdjb 11y agoSomething tells me we'd see a direct correlation between the amount of lobbying and the amount of legal backing your "product" needs in order to have value (copyright protection, patents, brand trademarks, etc).
- maxerickson 11y agoThe months there are dates marking fiscal quarters, so each number is for 3 months. Fedex monthly revenue is a bit less than $4 billion.
- RodericDay 11y agoThis happens all the time in "Uber vs. big taxi medallion cartel" debates.
- reagency 11y agoYou can't compare top-line revenue across industries. Fedex is capital intensive.