The latest tax-filings by the MPAA show that the studios have increased their membership dues to $66.8 million — up 50 percent. Former Senator Chris Dodd, the architect of the failed SOPA law, has gotten a raise to $3.3M/year. MPAA staffing levels are still down 20% after 2011's layoff of 44 people.
This conclusion comes from the latest tax filing submitted to the IRS by the MPAA a week ago, covering the fiscal year ending December 31st 2012. The paperwork reveals that the movie studios increased their membership dues from $41.5 million in 2010 to $59.7 million two years later.
Total revenue increased from $48.6 million to $66.8 million in the same period. Interestingly and despite the sizable increase in funds, the MPAA cut nearly 20% of its employees to 200 in 2012, down from 247 two years earlier.
The latest tax papers picked up by Variety reveal that MPAA boss and former senator Chris Dodd is handsomely compensated with an income of $3.3 million a year.
MPAA Revenue Up 50% As “War on Piracy” Cranks Up
[Ernesto/TorrentFreak]
