What does RIAA mean in Companies & Firms?

Recording Industry Association of America

The Recording Industry Association of America (RIAA) is a trade organization that represents the recording industry in the United States. Its members consist of record labels and distributors that the RIAA says "create, manufacture, and/or distribute approximately 85% of all legally sold recorded music in the United States". RIAA is headquartered in Washington, D.C.RIAA was formed in 1952. Its original mission was to administer recording copyright fees and problems, work with trade unions, and do research relating to the record industry and government regulations. Early RIAA standards included the RIAA equalization curve, the format of the stereophonic record groove and the dimensions of 33 1/3, 45, and 78 rpm records.RIAA says its current mission includes: to protect intellectual property rights and the First Amendment rights of artists to perform research about the music industry to monitor and review relevant laws, regulations, and policiesBetween 2001 and 2020, RIAA spent between $2.4 million and $6.5 million annually on lobbying in the United States. RIAA also participates in the collective rights management of sound recordings, and it is responsible for certifying gold and platinum albums and singles in the United States.

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