As of 2008, the IFPI represents approximately 1,400 record companies in 73 countries. Its stated policies are to fight copyright infringement; promote industry-friendly copyright laws; and lobby for legal conditions believed to be in the interest of recording companies, including DRM.
According to the IFPI, "any company, firm or person producing sound recordings or music videos which are made available to the public in reasonable quantities is eligible for membership of IFPI", though they do not say what "reasonable qualtities" actually means. In those countries where there is a national group of IFPI or an affiliated organisation, potential members should first join the national body before seeking membership of IFPI.
In 1986, the ISO established the International Standard Recording Code (ISRC) standard, ISO 3901. In 1989, the IFPI was designated the registration authority for ISRC codes. ISRC codes "enable the use of copyright protected recordings and works to be controlled; facilitate the distribution and collection of royalties (performances, private copying); and assist in the fight against piracy.
In 1994, in an effort to combat piracy, the IFPI and the compact disc manufacturing industry introduced Source Identification (SID) codes, which are markings on CD parts that identify the manufacturers, equipment, and master discs that were used to create each disc.
SID codes are formatted as the letters "IFPI" followed by 4 or 5 hexadecimal digits. A SID-marked disc typically bears at least two codes, each imprinted on different physical components. A number prefaced with "L" is a "mastering code," a serial number taken from a pool assigned by Philips to the manufacturer. It identifies the Laser Beam Recorder (LBR) signal processor or mold that produced a particular stamper or a glass master disc from which molds are produced. Non-"L" numbers are "mold codes", the first 2 or 3 digits of which are assigned by Philips to the operator of the manufacturing or mastering plant, which might not be the same plant that manufactured the stamper or glass master; and the remaining digits are a serial number assigned by that plant to its molds.
In mid-October 2007, after the IFPI let the ifpi.com domain registration lapse, ownership of the ifpi.com domain was transferred to The Pirate Bay, a pro-piracy group which claimed it received the domain from an anonymous donor. The group set up a Web site under the domain titled "International Federation of Pirates Interests," a replacement backronym for IFPI. Ownership of the domain was returned to the IFPI in late November, when a WIPO arbitration panel concluded that "the Disputed Domain Name is identical or confusingly similar to a trademark in which the [IFPI] has rights" and that the Pirate Bay's representative "registered and [was] using the Disputed Domain Name in bad faith" and failed to adequately rebut the IFPI's contention that he "has no rights or a legitimate interest in the Disputed Domain Name.