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[recordingindustryvspeople] RIAA paid $16,000,000 in 2008 to recover $391,000!

post #1 of 44
Thread Starter 
This is basically the hole article.

SOURCE

Quote:
The RIAA's "business plan" is even worse than I'd guessed it was.

The RIAA paid Holmes Roberts & Owen $9,364,901 in 2008, Jenner & Block more than $7,000,000, and Cravath Swain & Moore $1.25 million, to pursue its "copyright infringement" claims, in order to recover a mere $391,000. [ps there were many other law firms feeding at the trough too; these were just the ones listed among the top 5 independent contractors.
I wonder how the recording and publishing feel about such a loss of profit. No one can say to a dollar amount how much piracy hurts Recording artist, but we now have the facts to show how much money it cost to battle piracy. So now we have the fact to say that battling piracy losses more money than letting pirating happen.

How is it that theft of retail merchandise of recording artist is not categorized with file-sharing. The people that are running this hole affair are as dumb as a bag of hammers!

Hey Mitch Bainwol, I done your wife!
    
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post #2 of 44
Where does the RIAA get there money to pursue this? It is obviously far from self sustaining...

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post #3 of 44
Maybe it's not about the money directly recovered, but more about the belief that people will be deterred by the threat of lawsuits.
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post #4 of 44
Quote:
Originally Posted by MrDeodorant View Post
Maybe it's not about the money directly recovered, but more about the belief that people will be deterred by the threat of lawsuits.
It's always about the money.
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post #5 of 44
Quote:
Originally Posted by Faster_is_better View Post
Where does the RIAA get there money to pursue this? It is obviously far from self sustaining...
From it's members.

http://riaa.com/aboutus.php?content_...boutus_members
    
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post #6 of 44
Quote:
Originally Posted by Stillhouse View Post
Ah, well isn't this a great place to donate your money to. Since it is being used so well and all...
 
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post #7 of 44
So they have spent 64 times the money they have made back and pirating is still prospering... Maybe it will take a lot longer to do something about it?
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post #8 of 44
Hmm, wonder what the implications of legalizing piracy would be. I guess that would mean trademarks/copyrights would have to be done away with. Interesting puzzle. Because clearly this doesn't work, but what would happen if the RIAA/gov just..gave up?
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post #9 of 44
The lawyers are the real pirates.
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post #10 of 44
****ing pirate scumbags. Just pay for your content its not hard, stop free loading off other peoples hard work.
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