Here’s one for fans of idiocy and greed: in their case against file sharing network LimeWire, record labels are demanding sums of money that could exceed $75 trillion.
The entire planet’s gross domestic product is $69 trillion per year.
What are they thinking? Let The Register explain.
The idea that the industry could ask for trillions in damages apparently springs from a previous success against Usenet in 2009, in which copying of a relatively small number of works (878) was multiplied by the maximum penalty to arrive at a damages bill close to US$6.6 million.
0 responses to “Record labels demand all the money in the world. Literally”
My colleague just pointed out that this adds an new degree of seriousness – this shouldn’t be a matter for the courts – this should be a matter for the UN Security Council. Airstrikes on all limewire users.
Haha, yes :)