![Music Music](http://a.fsdn.com/sd/topics/music_64.png)
![Piracy Piracy](http://a.fsdn.com/sd/topics/piracy_64.png)
![The Courts The Courts](http://a.fsdn.com/sd/topics/court_64.png)
Limewire Being Sued For 75 Trillion 545
DarthVain writes "13 record companies are trying to sue Limewire for $75 Trillion. The NYC judge in the case thinks it is 'absurd'. Its almost like these media companies are their worst enemy trying to make themselves look ridiculous. From the article: "The record companies, which had demanded damages ranging from $400 billion to $75 trillion, had argued that Section 504(c)(1) of the Copyright Act provided for damages for each instance of infringement where two or more parties were liable. For a popular site like Lime Wire, which had thousands of users and millions of downloads, Wood held that the damage award would be staggering under this interpretation. 'If plaintiffs were able to pursue a statutory damage theory predicated on the number of direct infringers per work, defendants' damages could reach into the trillions,' she wrote. 'As defendants note, plaintiffs are suggesting an award that is more money than the entire music recording industry has made since Edison's invention of the phonograph in 1877.'"
Yeah.... (Score:5, Funny)
I'm sure that stone will start producing blood any time now. Lots and lots of blood.
Some perspective (Score:5, Informative)
Re:Some perspective (Score:5, Interesting)
More accurately, it's about $750,000 per tax-payer in the USA. And ridiculously more when you break down the people who only pay a small percentage of the taxes.
A bundle of $100 bills totaling 75 trillion bucks would weigh 10,000 tons (20 million pounds). It would be what you see in the linked photo below (notice the human for size comparison, in the very left bottom corner) . . . MULTIPLIED BY 75 MORE PILES HIGH.
http://media.mercola.com/imageserver/public/2009/March/pallet_x_10000.jpg [mercola.com]
Re:Some perspective (Score:5, Insightful)
The only thing I can possibly assume is that they'll try to act like they're really hurting to "only" sue for a few tens of billions, then when they don't get paid, they'll find some way to write it off on their tax returns for the next INTEGER_OVERFLOW years so that they won't have to pay a cent of taxes ever again. Heck, they might come crying to the government saying that their balance sheets show a loss of trillions of dollars, so they need a bailout. I so very much want to see a judge listen to their entire argument very calmly, then just chuckle.
Re:Some perspective (Score:5, Insightful)
The record companies' "losses" == "money we 'could have' made": a falacious argument for many reasons, but even if piracy never existed, how can they claim that every downloader would have gone out and bought a cd?
Re:Some perspective (Score:4, Insightful)
It's actually a lot worse than "money we could have made", because actual sale-price, assuming every downloader would ALWAYS buy the song, is on the order of $1/song.
Meanwhile, statutory damages for copyright-infringement is between $750 and $30,000 per infringement, at the discretion of the court, but willfull infringement can be up to $150.000.
These absurd numers is thus the results of claiming up to $150.000 of damages, for a copy that, if legally bought, would have cost a maximum of $1. (and in the real world, offcourse, only a small fraction -would- have bought the same amount of music if copying wasn't possible)
Claiming "money we could have made" would merely be ridicolous. But they're one-upping that - they're claiming damages equal to 150.000 times what they would have made if everyone bought all the music.
Re: (Score:3)
Re: (Score:3)
Not really ... many (most?) prisoners don't serve their entire sentence -- they're let out early for parole or good behavior. In that case, two life sentences or 100 years rather than one life sentence or 70 years often means they're in jail longer.
Re: (Score:3)
Right. You give one life sentence, the prisoner serves less than life. You want to ensure s/he serves life, you give two or more sentences consecutively so there's no possibility of parole [slate.com].
Same here. Sue for [your interpretation of] a reasonable amount, the company pays much less. To ensure the company pays the most society will tolerate, you sue for an obscene number.
Re: (Score:3)
Or seventy bloody five times the size of the Obama Bailout Package. Remember how shocked the world was to hear that figure?
Re: (Score:3)
Re: (Score:3)
Re: (Score:3, Insightful)
According to the CIA's World Factbook, $75T is also $0.51T more than the 2010 GDP of the world using its Purchasing Power Parity algorithm. That's $510B short, if _every single dollar made in the entire world_ last year was paid out (including, of course, the record industry's own profits).
I do wonder, though: if the record industry somehow managed to successfully sue someone for more money than the entire world combined made last year and also magically managed to get payment in full, how much would the ar
Re:Some perspective (Score:5, Informative)
To add more fun statistical context, the CIA World Factbook tells me that Planet Earth's entire money supply coincidentally equals (at the broadest estimate) $75.86 trillion.
So, the music industry is basically asking Limewire for all of Earth's money. I hope their lawsuit is backed up by a frickin' "laser" on the moon.
Re: (Score:3)
To put this figure even more into context...
The entire Beatles copyrights were sold to MJ a few years back for 47.5$ million. (http://www.wired.com/epicenter/2009/06/jacksons-death-puts-lucrative-beatles-copyrights-in-play/)
Wikipedia lists 305 Beatles songs (http://en.wikipedia.org/wiki/List_of_The_Beatles_songs).
So -- if my math is correct -- for 75$ trillion, you'd be able to buy the full copyright to over 480 million songs, assuming each copyright would cost as much as a Beatles' song (most probably don'
Re: (Score:3)
Putting this figure into context, $75 trillion is about $250000 per person in the USA.
Let's try an even better context: if they won the suit and this amount were taxed at 18%, the US Federal deficit could be paid off.
Re: (Score:3)
The law says that's the amount (Score:5, Interesting)
And you don't think that some crappy mp3s of Michael Jackson are worth every penny that?!?
The scariest (or most interesting) part of this is that it's not so much that the lawyers said so, but the law itself says that is the amount. So if anyone is wrong here, it's the law. The plaintiff is indeed simply asking for the damage amounts based on what is described in the law at the proper calcuation method. .
Re:The law says that's the amount (Score:5, Informative)
And you don't think that some crappy mp3s of Michael Jackson are worth every penny that?!?
The scariest (or most interesting) part of this is that it's not so much that the lawyers said so, but the law itself says that is the amount. So if anyone is wrong here, it's the law. The plaintiff is indeed simply asking for the damage amounts based on what is described in the law at the proper calcuation method. .
I believe that law was written back when copy-write offenders were guys with tables on the street selling bootleg VHS tapes; back when "piracy" was for profit.
Re: (Score:3)
How is it the law? They don't even have proof that that many infringements happened. They're just guessing because they think a lot of people use it.
Re:The law says that's the amount (Score:5, Interesting)
The worst thing about these laws is that they aren't logical.
It is akin to charging a bank robber for every note they stole, not for the crime as a whole. Or suing someone for defamation per word.
Sure, Limewire exposed themselves to being sued, but suing per download is just farcical. All this will do is damage brands and end up turning fans against the record companies.
Re: (Score:3)
The worst thing about these laws is that they aren't logical.
And, given the absurdity of this case, it could actually be the recording industry themselves that drives that point home to the degree that these laws get changed.
Re: (Score:3)
It doesn't matter when the law was written, and reasonableness is irrelevant. The law is the law. I'm on the side of the media companies here, at least if Limewire is found responsible, they should get a $75 trillion fine. It only shows how stupid the law is, and will make our country a laughingstock, as it should be.
There should be a law that when defendants are hit with ridiculous fines like this, that they can then sue the government for having a ridiculous law on the books.
If our legislators can't be
Re: (Score:3)
I don't think contributory copyright inducement allows for statutory damages like that. I believe they are far less. These music cartel members need to still prove contributory inducement--they don't get to just float a bunch of numbers out there. So, these numbers are really just for sensationalistic headlines meant to scare the kiddies into not downloading. As far as I know there's no such thing as criminal copyright inducement.
Come on RIAA member companies, die already. End the misery. Either you a
75 trillion (Score:5, Funny)
TROLOLOOLOLOL.
Re:75 trillion (Score:4, Interesting)
and out of curiousity what is the current combined GDP of every country on the planet? I am fairly sure it would be less than this.
I guess they will never be truely satified with their revenue stream until every last penny, yen, euro, etc is in their infinite pockets.
Re:75 trillion (Score:5, Informative)
Re: (Score:2, Insightful)
*facepalming so hard, I might push through my face*
Re:75 trillion (Score:5, Funny)
Comment removed (Score:5, Insightful)
Re:75 trillion (Score:4, Insightful)
This is an important right. Surely you won't argue that an artist shouldn't have the right to sue to protect their own intellectual property. So what we're talking about here is duration and damages. The way it's setup now -- it's plain to see that the duration is too long and the damages are too high. But that's what courts do: they decide what's appropriate. It doesn't matter what the labels say. Because Limewire probably says they want to go home scot-free with their attorney's fees paid for. How is that any less of a total over-reach? The right answer is some place in-between. And that place will be decided by the courts.
This could not be more wrong.
The courts have never extended copyright. They have nothing to do with this. At all.
All copyright extensions have resulted from legislation, meaning Congress. Which makes the curious inability of copyright to ever expire seem a bit strange.
Also, I've been waiting my whole life for someone to justify 80+ year copyright terms, in any way at all. That's an open invitation. I'd settle for someone justifying 20+ year terms. In any capacity. My opinion is you can't, because it doesn't make any sense.
Re: (Score:3)
Good. Nothing I've seen more fully demonstrates the ludicrous nature of the damages that the media industry is seeking. Surely now a clear argument can be made that these damages violate the Eighth Amendment.
maybe they'll settle (Score:5, Funny)
Re:maybe they'll settle (Score:5, Funny)
Then, out of the goodness of their hearts, the RIAA will use that money to pay the national debt.
Re: (Score:2)
Re: (Score:3)
Lobby Congress.... pah... with 75 trillion dollars they can buy the entire planet.
The penalty for an excessive lawsuit should be = (Score:5, Interesting)
The penalty for an excessive lawsuit should be >= the difference between the claimed damage and the actual damage.
In my dream-world legal system the court would rule that "yes, limewire contributed to some copying, so they owe the record companies $50K or so in actual lost sales --- but the record industry should be fined $75-trillion-minus-that-$50K for wasting taxpayer money having the justice-system hear that absurd suit."
Re: (Score:2)
Strangely... I almost feel like rooting for the RIAA on this one... a 75 trillion dollar payout would be a helluva lot of tax income. If only 10% of it were taken in taxes, it would pay off half the national debt. 20% and it's fully paid, with a few 100 billion to spare.
Re: (Score:3)
Re: (Score:3)
Would be interesting to see how they'd pull off Hollywood Accounting on that one.
PR Stunt (Score:5, Insightful)
Re:PR Stunt (Score:5, Interesting)
Didn't seem to bother them when they "pirated" artists works for Greatest Hits CDs, and then never paid the royalties. They Canadian record companies owe trillions of dollars.
A case of "Laws don't apply to we, but they apply to thee." Double standard. Class system.
Re:PR Stunt (Score:5, Funny)
They Canadian record companies owe trillions of dollars.
I'd consider the score settled if they took back Celine Dion and Beiber.
Re: (Score:3)
Okay, I have to ask. What's the deal with this Bieber kid and why do people hate him so much?
Re:PR Stunt (Score:5, Funny)
Okay, I have to ask. What's the deal with this Bieber kid and why do people hate him so much?
1) Manufactured pop star.
2) Incredibly fake-sounding music.
3) The "rush to stardom at an early age and cash in" mindset the recording industry has adopted recently.
4) Basic human dignity; taken from an entirely humanitarian aspect, we've all seen what this has done to other early-age manufactured pop stars (i.e. Britany Spears), so people with a concern for human life at its basest sense are appalled.
5) We hate the ear-grating sound of large groups of prepubescent girls shrieking like banshees continuously until they collapse from exhaustion or self-induced asphyxiation.
6) Look at him! Just look at him already! We grew up as nerds and social outcasts, and we all agree that's just the sort of face WE would punch in!
Re: (Score:3)
Re: (Score:2)
This always cracks me up, I mean what's wrong with people spending their money on things other than music?
Is this idea so outside of the RIAA that they cannot acknowledge that just because money isn't spent on music, it might be spent on tickets, or music downloads, or other things within the economy?
Re:PR Stunt (Score:5, Insightful)
Nope. They're used to it.
For the longest time, there were two things teenagers spent their allowance on: Fashion and music. And for 50% of the teens, the male portion, it was mostly music for the longest time in our last half decade. Everything else was covered by your parents, wasn't it?
That changed a decade or so ago. Computer games ain't exclusively a geek pastime anymore and neither are game consoles. Cellphones compete as well, having become an important part of our teens' interests. And with them a lot of new gadgets and services vie for the allowance of our teens. They simply don't have that much money to spend on music anymore.
The music industry doesn't care. It's worked in the past and it has to work today. They react very slowly and often wrongly to the changing markets of today, and now they blame their customers, and rather than offering me a product that I'd want to buy, they react in such a way that the bought item is worth less to the consumer than the one ripped (for reference, see crippling copy protection and unskipable ads).
What the content industry fails to see with such lawsuits is that the "shock and awe" effect is worthless with their target audience. A teenager can neither imagine the amount of a million nor a trillion dollars. It's just "a lot". And whether you try to sue him for either or for just 40k nets you the same outcome, he cannot pay either, so he doesn't care.
Punishment, and its severity, has never worked as a deterrent. Or do you think the average train of thought of a burglar is "for 5 years I'll do it, but for 10 I'll rather not rob them"?
Re: (Score:3)
Thanks for the railroad analogy, but allow me to take you back even further, when the railroad was not the one being replaced but the one replacing, specifically the hackneys who used to transport people from one town to another, and who lost this business to the railroad which was faster, more reliable and more comfortable.
You might even know about the various stories about how railroads and looking at them causes seizures, how huge fences have to be built around tracks so people don't see those "lightning
Re: (Score:3)
All fine and good, but for this to work the law has to have some base in the general sentiment of the people and general support. If there is no such thing, a law cannot be upheld sensibly.
Take prohibition. What came out of it? Not much, except more crime. Did people stop to drink alcohol because it was suddenly outlawed? Hell no, some even started drinking because it was chic to break that law. There was no support in the general population and, worse, no support in those supposed to prevent or fight crime
Re:PR Stunt (Score:4, Interesting)
> I hate the RIAA as much as the next fellow, but people need to be paid for things they produce.
Why?
I question your basic underpinning of "need" philosophy.
In my spare time, I work on open-source, produce music, create art, and I don't feel a "need" to be paid. The only reason people need money is because society literally "bought" into some lack of scarcity argument, and to 'survive' in the "modern" you need money, because everyone else demands it.
The sun, earth, plants, and animals all freely produce for us, but yet it is only us 'advanced' humans that demand payment from one another. Of course I expect to compensated for my time & skill but that is only to be able to "afford" my basic needs. Once those are met, I am able to produce for the benefit of everyone -- money is just a bonus -- I am already living my joy by creating. The day is coming when every man, woman, and child will have as much electricity as they need, as much food as they need, and their basic physical needs are all freely provided. Until we get to that point in a few centuries, we should be questioning: What exactly is money? Why is it needed? What would it be like to live in a world where it isn't needed?
Food for thought.
Re: (Score:3)
You have this vision of "a farmer" which barely even exists anymore. Machines make food for us.. those machines are tended by people who work for major corporations - in other words, just cogs in the machine. Those corporations pay the cogs to tend the machines to make the food so the product can be delivered to market and produce profits. They need the profits to entice institutional investors to buy their stock so they can expand their operation. They need to expand their operation to entice the insti
Re: (Score:2)
The public is dumb. I agree. The average person is dumb and 50% of the people are even dumber. I give you that. But I doubt anyone is SO dumb to actually believe that the damage of all copying combined (not just on limewire, but WORLDWIDE, on ALL possible or impossible venues) is TWICE that of the GDP of the WORLD.
Just highlights to absurdity of these cases (Score:5, Informative)
In many of these cases, the RIAA and media companies making the absurd assumption that everyone who hosts a song on a P2P network is somehow costing them tens of thousands of $ in CD sales, as if everyone who downloads a pirated song would have run out to buy the CD otherwise (leading to a scenario where someone who downloads 10 songs from the same CD would have logically bought ten copies of the same CD, if only for those darned pirates). Following that logic out, if it weren't for the pirates, the music industry would be the largest and richest entity in the world--with revenues bigger than that of the U.S. government.
Re:Just highlights to absurdity of these cases (Score:4, Insightful)
...making the absurd assumption that everyone who hosts a song on a P2P network is somehow costing them ...
No. Damages are not awarded based on what it *costs* the RIAA and media companies. This isn't a contract case (which would be closer to that model). This is based on a statutory damage award, where the statutory damages are hugely inflated. The theoretical reason they are inflated is to discourage people from pirating, and to make it worthwhile to enforce copyrights. Obviously those rationales don't apply when you're dealing with limewire to the extent they do when dealing with an individual defendant--as a result, the statute is ridiculous in this case. Unfortunately, there isn't a constitutional provision that laws have to make sense. It would be an interesting argument that money damages this high constitute "cruel and unusual punishment" of a corporation, but almost certainly wouldn't actually get you anywhere.
Re:Just highlights to absurdity of these cases (Score:4, Informative)
There is, however, a Constitutional amendment that deals with statutes that create absurd hardships... Strikes me that the time is ripe for an Eighth Amendment challenge. If you statutory damages can create a situation in which a complainant can receive payment in excess of the total dollar value of the world economy, I think even the more "business-friendly" Supreme Court Justices can probably connect the dots.
Re: (Score:2)
>>>as if everyone who downloads a pirated song would have run out to buy the CD otherwise
Precisely. I certainly don't buy songs; why should I, when the music is available 24/7 on youtube or pandora? Nowadays the only music I buy is on Greatest Hits CDs (because you get ~20 songs for less than a dollar each).
The real thing harming music companies (and radio) is the internet and the fact you can access almost anything at anytime you desire. Maybe they should try suing that. (LOL)
Re:Just highlights to absurdity of these cases (Score:4, Insightful)
The real thing harming music companies (and radio) is the internet and the fact you can access almost anything at anytime you desire. Maybe they should try suing that. (LOL)
Obviously they have no grip on reality, so please stop giving them additional stupid ideas. If they think suing Limewire for $75 trillion is rational, obviously the internet, as a whole, must be worth exponentially more money. When this happens and they shut down the internet, I'm blaming YOU.
Re: (Score:3)
They wouldn't dare try that because Google has REAL lawyers and the money to defend themselves (and losing to them might ultimately set legal precedent). They only pick on the little guys who they know are easy pickings.
the court should reply: (Score:5, Funny)
There aren't seventy five trillion dollars. Now go away until you have a reasonable grievance.
Re: (Score:2)
This is good (Score:5, Informative)
Because it does highlight the absurdity of the statutory damages for copyright infringement.
Wow... what an honor (Score:3)
It's almost a compliment for a tiny software company to be sued for that amount. No matter what the result, the authors will become part of history. That's practically the budget of a country.
Re: (Score:2)
Practically? It's several times the GDP of the US.
Re:Wow... what an honor (Score:5, Interesting)
75 trillion dollars is more than the GDP of the planet in 2010.
62 trillion dollars was the total global GDP in 2010 according to the IMF
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) [wikipedia.org]
Re:Wow... what an honor (Score:4, Informative)
To be fair. wealth and GDP are not the same.
The only figures I have are for 2005, but the UK had worth of 5.8 trillion pounds (http://www.independent.co.uk/news/business/news/value-of-uk-plc-rises-to-163100000-for-each-man-woman-and-child-500266.html), with a GDP of 1.2 trillion, giving a roughly factor of 5 difference. Assuming that ratio roughly holds for 2010/2011 and to other countries, the total net worth of the world is about 300 trillion dollars (nominal but I'm not sure on PPP it would be much different).
It's not like they are claiming damages for just one year, so we probably shouldn't claim total economic output for just one year.
I mean, obviously the music business is worth nearly 1/4 of everything on the planet, food, cars, TV's aircraft, computers, houses, and limewire must have scurried away all that money. Put another way, the total inhabited land area of the planet is 150 million square kilometres, so the music business is worth approximatedly 1/4 of that, which is the total area of russia, the USA and china combined.
It is how much they think they would have made... (Score:2)
All your money are belong to us. (Score:2)
Dr. Evil would be proud.... (Score:5, Funny)
I'll go ahead and cover this one. (Score:5, Funny)
There should be a winner takes all scheme to this (Score:3)
Frivolous damage claims should be punishable by a payment of 10% of the claims to the defendant. That'd put a stop to this shit at once.
Is That More Than a Brazillion? (Score:5, Funny)
Donald Rumsfeld is giving the president his daily briefing. He concludes by saying: "Yesterday, 3 Brazilian soldiers were killed." "OH NO!" the President exclaims. "That's terrible!" His staff sits stunned at this display of emotion, nervously watching as the President sits, head in hands. Finally, the President looks up and asks, "How many is a brazillion?"
April already? (Score:2)
At first I thought this was an early April Fool's joke.
And for some reason, I read "75 trillion dollars!" in Dr. Evil's voice.
I don't know if my math is correct, but... (Score:3)
Greater than the GDP of the world. (Score:2)
Re: (Score:2)
That's 58 Trillion, not billion
Re: (Score:2)
Haruchai?
I could kick your ass.
Re: (Score:2)
Re: (Score:2)
Your link says trillion, not billion. Or is this that whole UK thing where they use a different definition of billion then the rest of the world?
generally we use the same as everybody else now (Score:3)
Over here in the UK we've pretty well shifted over to the same billion as everybody else, 10^9 rather than 10^12. Now if you (and Liberia, and Burma) would hurry up and shift over to metric measurements like the rest of us, all would be good.
How else? (Score:2)
Ummm.. How else will big record labels stay in business? If people will not buy CD's because the prices are too expensive... But they can't lower prices because they want to make X dollars per CD sold (non-negotiable)... then they need to find alternate sources of income
Lawsuits are the next best source...
Personally, I'm sticking to "Radio" like sources.. Pandora for instance... and going with Creative Commons music
I Have not seen a band in ages that I liked enough to buy their CD's unless they were far out
75 Trillion Eh? (Score:3)
This isn't the RIAA - this is US Congress (Score:5, Insightful)
Stop blaming the RIAA for this stupidity. The law lists a fixed amount of statutory damage per infringement. So their calculations are correct. Even though the RIAA lobbied for these stupid laws, the ultimate blame lies with the "representatives" who voted for it.
I would just love one of these Senators, or their family members, to get hit with one of these lawsuits. As long as they are above the law they can pass this crud without fear.
Re: (Score:3)
Maybe one should bring it to their attention and tell them just how much of an idiot they're making out of themselves by passing that law?
Write your congressman! Maybe someone picks it up and shoves it into their relevant other side's face to make them look bad, if nothing else.
Re:This isn't the RIAA - this is US Congress (Score:4, Insightful)
Are you serious? The RIAA wrote the relevant laws.
Re: (Score:3)
The judge says you're wrong. See page 3 (PDF page 4) of the ruling [typepad.com].
It has long been held that st
That's pocket change! (Score:2)
If they were really serious, they would have sued for one-hundred and eleventy-three kajillion dollars and 37 cents. The 37 cents would be there to show that they weren't just estimating.
Why not... (Score:2)
Dear RIAA (Score:2)
Why do I have this image of Dr. Evil (Score:3)
Raising his pinky to his mouth and saying "We'll sue them for 75 TRILLION dollars!"
Sure go a head (Score:2)
I actually hope they win because it will show how massively out of touch everybody is in regards to the value of money.
Today's $75 Trillion is tomorrows chump change. Let the hyperinflation come fast and swift and redistribute all value properly.
Obligatory Dr Evil (Score:2)
RIAA boss: We'll hold Limewire ransom for ... ONE MILLION DOLLARS! ... Don't you think we should ask for *more* than a million dollars? A million dollars isn't exactly a lot of money these days. Why, EMI's music division alone makes over 75 million dollars a year. ... SEVENTY-FIVE TRILLION DOLLARS!
Number 2: Ah-hem
RIAA boss: Ok then, we'll hold Limewire ransom for
This is pretty funnt (Score:3)
This is really good news (Score:4, Insightful)
I strongly approve.
The RIAA assumes that each copy of each song is worth a dollar and is independently covered by copyright violation fines. This couldn't be farther from the truth. People end up with freely obtained music that they would never (in any world) pay for. Separately, the immature behavior of the RIAA (primarily their scare tactics and markup) couples with the enormity of copyleft content now freely available to spell a significantly reduced value (supply and demand). We're heading towards a new media paradigm [khopesh.com] that just doesn't have room for the RIAA.
I think by calculating the value as perceived by the RIAA, we have this on display for all to see. The press and the courts will have no choice but to see this for the fear-mongering death flails of a dying industry.
Talk about shooting themselves in the foot — they may have just blown off their whole leg — and the ground they stood on.
To put in perspective (Score:3)
The US GDP is 14.12 Trillion [google.com]...
Re: (Score:3)
Good, take it to trial (Score:3)
If the recording industry obtains a judgment in their favor in this case, then everyone who has ever shared music via Limewire is off the hook. Since Limewire's users aren't joined to the case, the RIAA can't also sue those users after getting a judgment against Limewire, because they would be double dipping.
Never mind that obtaining these sorts of damages (or anything even approaching their actual damages, for that matter, never mind the statutory damages) is a ridiculous proposition. If the RIAA wants the masses to still be liable, then they should join the masses to this lawsuit. Then they could get what Limewire is worth, and still take the rest out on the remaining defendants.
Re: (Score:2)
If they thought they could get 1% upfront as a security fee, I'm sure there are lots of collection agencies who would love that job.
Re:$75 Trillion (Score:5, Funny)
...and we will sue limewire for.. *raises pinky to lip* 75 trillion dollars!
Limewire execs: *much laughing* hahahaha, it's 2011, that amount of money doesn't even exist!
*RIAA exec gestures to cut off transmission*
Well, shit...
*reopens transmission*
We don't care.
Re: (Score:3)