Old 15-07-2010   #1
Administrator
 
Kerry56's Avatar
 
Join Date: Sep 2003
Location: West Texas
Posts: 16,896
RIAA losing millions in their lawsuits

Some figures have come to light regarding the RIAA's expenditures versus their winnings in the various lawsuits they started against file sharers. Over a three year period, from 2006 through 2008, they spent approximately $64 million and recovered......$1.36 million.

The story is here: http://recordingindustryvspeople.blo...s-lawyers.html

So there may be some truth in their statement that file sharers are driving them to bankruptcy, just in round about fashion.
Kerry56 is offline   Reply With Quote
Old 15-07-2010   #2
UTR
MyCE Resident
 
UTR's Avatar
 
Join Date: Mar 2006
Posts: 3,391
Re: RIAA losing millions in their lawsuits

Quote:
Originally Posted by Kerry56 View Post
Some figures have come to light regarding the RIAA's expenditures versus their winnings in the various lawsuits they started against file sharers. Over a three year period, from 2006 through 2008, they spent approximately $64 million and recovered......$1.36 million.
.......and the number of people downloading music over P2P increases every year. This couldn't happen to a more deserving group. It makes me smile to think about it.
UTR is offline   Reply With Quote
Old 15-07-2010   #3
MyCE Resident
 
Join Date: Jan 2004
Location: USA
Posts: 8,119
Re: RIAA losing millions in their lawsuits

Quote:
So all in all, for a 3 year period, they spent around $64,000,000 in legal and investigative expenses to recover around $1,361,000.
So all their ventures and money spent they only have about a mill or so to show for the work. Makes you wonder whom got the better part of whom...the lawyer or pirates????
coolcolors is offline   Reply With Quote
Old 15-07-2010   #4
Senior Administrator & Reviewer
 
Seán's Avatar
 
Join Date: Jun 2002
Location: Republic of Ireland (North West)
Posts: 11,185
If this $64 million was divided up amongst the artists the RIAA represents, I'm sure that many (if not the majority) of these artists would have received more from this share than in all the money they got paid from their music sales.
Seán is offline   Reply With Quote
Old 15-07-2010   #5
Former MyCE Support
 
BussyB's Avatar
 
Join Date: Aug 2008
Location: MyCE HQ @ Amsterdam
Posts: 607
According to the RIAA, "global music piracy causes $12.5 billion of economic losses every year". So, that would be 3*$12.5 = $37.5 billion or $37,500 million over three years.

And the RIAA recovered $1.36 million, that's what I call doing a 'good' job
__________________
It never hurts to help
BussyB is offline   Reply With Quote
Old 16-07-2010   #6
Dedicated DoMi groupie
 
iamrocket's Avatar
 
Join Date: Dec 2001
Location: location, location
Posts: 453
The real tragedy here is the musicians, who are sold the belief that the RIAA looks out for their interest by making the industry more 'secure and profitable' by doing what they are doing, meanwhile they are miserably failing by not only losing money but not stopping the piracy losses they are supposed to stop. Obviously the artists are ultimately paying out of their profits for the "services" of the RIAA, but the RIAA is inept and misguided at doing the job they are commissioned to do.
iamrocket is offline   Reply With Quote
Old 16-07-2010   #7
Zod
MyCE Resident
 
Zod's Avatar
 
Join Date: Jul 2004
Posts: 826
It's pretty sad what the RIAA does to new artists now. The RIAA used to only take their cut from Album sales, which is why big artists made the bulk of their money of merch and touring.

For newer bands they have to cut them in on that as well. The price for being a member of the RIAA seems to be really steep. I often wonder how in the world artists can think they're better off with the RIAA. From my point of view they seem to be an unneccesary middle man between the bands and their fans, with the sole purpose of extorting money from them.
Zod is offline   Reply With Quote
Old 16-07-2010   #8
MyCE Resident
 
Blu-rayFreak's Avatar
 
Join Date: Jul 2008
Posts: 954
Ahhh so the truth is revealed, the RIAA didn't stop their mass lawsuits because they were worried about their image, reputation or their customers, they stopped it because it wasn't profitable! It's all about the money to these goons.

Quote:
Originally Posted by Zod View Post
I often wonder how in the world artists can think they're better off with the RIAA. From my point of view they seem to be an unneccesary middle man between the bands and their fans, with the sole purpose of extorting money from them.
The big problem for unknown artists is radio air time, and joining a big record label can help them get air time or an album guaranteed with nationwide distribution.

It's easy for well known, massively popular artists like Radiohead to drop a label and continue to have success with their already-established fan base, but not so easy for an artist that is trying to get started and get popular.
Blu-rayFreak is offline   Reply With Quote
Old 16-07-2010   #9
MyCE Senior Member
 
wconeybeer's Avatar
 
Join Date: May 2010
Location: Mesa, AZ
Posts: 645
One word: Ridiculous.
wconeybeer is offline   Reply With Quote
Old 17-07-2010   #10
MyCE Senior Member
 
Zzyzxroad's Avatar
 
Join Date: Mar 2005
Location: Calgary
Posts: 283
Oh good. since the John-Doe lawsuits are over, its time to startup Limewire again.
Zzyzxroad is offline   Reply With Quote
Old 19-07-2010   #11
MyCE Resident
 
Blu-rayFreak's Avatar
 
Join Date: Jul 2008
Posts: 954
With all of the shady behavior the RIAA has exhibited over the years (suing children, suing dead people, etc), they deserve no pity. In fact, I'm sure most people would celebrate the RIAA losing money.
Blu-rayFreak is offline   Reply With Quote
Old 19-07-2010   #12
MyCE Resident
 
justcallmebob's Avatar
 
Join Date: Dec 2004
Location: Oklahoma
Posts: 981
Re: RIAA losing millions in their lawsuits

Surely those numbers aren't right . . . if so, no wonder they're ticked.
justcallmebob is offline   Reply With Quote
Old 20-07-2010   #13
MyCE Resident
 
Join Date: Aug 2004
Location: Here now somewhere else later.
Posts: 1,595
Re: RIAA losing millions in their lawsuits

Surely the numbers can not be right as they should be bankrupt by now.
If they have no money how can they pay to take people to court?
__________________
People will often expend more time and energy avoiding work or the task before them than it would actually take to do it.
weedougie is offline   Reply With Quote
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
EFF: RIAA lawsuits not working Randomus Downloading & File Sharing 2 03-10-2008 15:26
EFF: RIAA lawsuits not working Randomus Downloading & File Sharing 0 02-10-2008 05:28
Former RIAA CEO & chairman sees RIAA lawsuits ineffective Seán Latest News Headlines 8 13-06-2006 03:14
RIAA Lawsuits shows its age, yet the losing battle just goes on Seán Latest News Headlines 15 10-11-2005 15:58
Who else is in favor of the RIAA lawsuits?! Bloodstar007 Living Room 1 29-06-2003 04:40


All times are GMT +2. The time now is 21:10.
Top