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RIAA forks out $64 million to catch music pirates, recovers just $1.3 million in 3 years
From the putting-a-smile-on-your-newly-awoken-face department...The aptly named Recording Industry vs. The People blog has done a little investigative journalism and produced some fantastic figures that truly illustrate just how pathetically pointless the RIAA is. Over the course of three years, the RIAA has spent a total of $64 million in the tracking down and prosecution of music pirates. The total amount recovered by the RIAA, in the form of settlements and fines, is a paltry $1.3 million.
The RIAA, if you weren't aware, is funded by the music industry. That $64 million --instead of going to the artists -- will have instead have been handed to the RIAA to be squandered inefficiently and, looking at the numbers, impotently.
Of course, the other way of looking at it is that music pirates are putting food on the plates of these poor, useless lawyers who can't litigate to save their asses.
Comments
7
Subscribe to comments216Jul 14th 2010 8:16AM
I like those numbers
Gardiner WestboundJul 14th 2010 8:32AM
Gotta love the lawyers!
A man went into a lawyer's office, and asked to see the lawyer. He knew how expensive lawyers are so he asked, "Can you tell me how much you charge?"
"Of course", the lawyer replied, "I charge $500 to answer three questions."
"Don't you think that's an awful lot of money to answer three questions?"
"Yes it is", answered the lawyer, "What's your third question?"
ZargggJul 14th 2010 9:32AM
-97% ROI? They should be suing themselves.
cu_shaneJul 14th 2010 10:12AM
I think that the RIAA's goal is not to recover the money they are spending or even to profit from these lawsuits. Their goal is to deter people from downloading. Has it worked? I'm sure the threat of a lawsuit has influenced what some people do. Has it worked $64 mil worth? Doubt it, but who knows.
Mark BJul 14th 2010 10:25AM
No doubt though the ratio of $$$ spent vs $ received will be justified as misleading because of the revenue "EARNED" because of the of people who bought over downloaded because they didn't want to risk being sued.
corruptgunJul 14th 2010 12:18PM
Haha, EPIC fail. These losers will never learn.
JustinJul 14th 2010 12:48PM
Q. What is black and tan and looks good on a lawyer?
A. A Rottweiler!