RIAA losing millions in their lawsuits

vbimport

#1

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.blogspot.com/2010/07/ha-ha-ha-ha-ha-riaa-paid-its-lawyers.html

So there may be some truth in their statement that file sharers are driving them to bankruptcy, just in round about fashion. :bigsmile:


#2

[QUOTE=Kerry56;2531716]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.[/QUOTE]

…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. :smiley:


#3

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???


#4

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.


#5

Accordingto 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 :cool:


#6

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.


#7

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.


#8

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=Zod;2532097]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.[/QUOTE]
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.


#9

One word: Ridiculous.


#10

Oh good. since the John-Doe lawsuits are over, its time to startup Limewire again.


#11

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.


#12

Surely those numbers aren’t right . . . if so, no wonder they’re ticked.


#13

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?