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[Geek] Record companies request $75 trillion in damages from LimeWire - Page 9

post #81 of 201
I don't even think there's even 25 trillion dollars worth of music produced/records sold since piracy started.... Who the hell let's them get away with starting insane, obviously unpayable lawsuits....

I can't think of any one company that could pay this off.
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post #82 of 201
This is going to get laughed straight out of court. I don't know if these record executives relize it or not but no one cares anymore.
You don't see the banks charging the nearest bank robber for all the robberies in the world so I don't see how they can do this to limewire.
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post #83 of 201
Quote:
Originally Posted by Rpg2 View Post
I can't think of any one company that could pay this off.
More stats incoming!

The wealthiest company in the world at this very moment is BNP Paribas (global bank located in Paris). They make about $45 billion a year. But let's ignore that. They're the richest company in the world, so exactly how much do they have?

Their total assets are just over 3 trillion. To be exact, they have about $3,122,000,000,000.

It's easy from here:

$75 trillion is equal to about 25x the total assets of the world's richest company.
Edited by Plex - 3/24/11 at 10:16am
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post #84 of 201
Quote:
Originally Posted by _Chimera View Post


ONE BIOLLION DOLLARS !!
75 thousand billion by my reckoning.

Sounds even more insane when you say it like that.
post #85 of 201
Lol talk about sad. We need an agency that regulates the RIAA from stupidity
post #86 of 201
$75 trillion is the "MSRP".

"..but we'll let you off the hook for a cool billion."

Is this crap ever going to stop?
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post #87 of 201
Erm...75 trillion dollars is probably more than the GDP of most of the OECD countries combined!
This is just ridiculous.
post #88 of 201
This is fun.

Wal-Mart is the world's leading company by revenue. In 2009, they made about $400 billion in revenue. Keep in mind that revenue is the amount earned in a year's time BEFORE any deductions (tax, etc.).

So. If Wal-Mart made $400 billion every year, it would take them nearly 200 years to "earn" $75 trillion dollars. (It would take much longer than this if you considered income instead of revenue and factored in global statistics like market rates, inflation, etc.)
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post #89 of 201
Quote:
Originally Posted by Mr_Torch View Post
They should be fined for filing a frivolous lawsuit, the judge already said it was "absurd"
Yeah, thank god the intelligent judge said they only owed damages per song lol. I hope they don't take advantage of free music that was shared as well.
post #90 of 201
I don't think even the top 5 10 Fortune 500 companies combined can make this kind of money.
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