In 2008 RIAA paid $16,000,000 in court fees to gain $391,000 in damages

kepler · Jul 14, 2010, 03:15 PM

Quote:

The RIAA paid Holmes Roberts & Owen $9,364,901 in 2008, Jenner & Block more than $7,000,000, and Cravath Swain & Moore $1.25 million, to pursue its "copyright infringement" claims, in order to recover a mere $391,000. [ps there were many other law firms feeding at the trough too; these were just the ones listed among the top 5 independent contractors.]

Embarrassing.

If the average settlement were $3,900, that would mean 100 settlements for the entire year.

As bad as it was, I guess it was better than the numbers for 2007, in which more than $21 million was spent on legal fees, and $3.5 million on "investigative operations" ... presumably MediaSentry. And the amount recovered was $515,929.

And 2006 was similar: they spent more than $19,000,000 in legal fees and more than $3,600,000 in "investigative operations" expenses to recover $455,000.

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.

Shrewd.

No wonder they get paid the big bucks

http://recordingindustryvspeople.blo...s-lawyers.html

Sundance Kid V2 · Jul 14, 2010, 03:18 PM

They will blame the interweb and pirates for this !!!!

Edit: That is probably what 1 record boss/owner makes in a year

sittal · Jul 14, 2010, 03:23 PM

mbeeston · Jul 14, 2010, 03:23 PM

fighting a losing battle like this take pure retardation and much rum.. this will continue for a few years.

jimmt · Jul 14, 2010, 03:31 PM

If you read any press report from the RIAA their goal for doing this was not about recouping revenue, but education.

HAL10000 · Jul 14, 2010, 03:42 PM

Quote:

Originally Posted by jimmt

If you read any press report from the RIAA their goal for doing this was not about recouping revenue, but education.

Education? More like intimidation. $16 million for them is worth it if they feel that they are saving millions of dollars by scaring people into not downloading.

jimmt · Jul 14, 2010, 03:44 PM

Quote:

Originally Posted by HAL10000

Education? More like intimidation. $16 million for them is worth it if they feel that they are saving millions of dollars by scaring people into not downloading.

Scaring people to actually pay for a service they are using. Sounds like education to me.

DorXtar · Jul 14, 2010, 03:45 PM

Quote:

Originally Posted by jimmt

the RIAA their goal for doing this was not about recouping revenue, but education.

Drive-by shootings are a tool gang members use to educate the public about territorial claims and respek.

(RIAA you so gangsta)

sittal · Jul 14, 2010, 03:52 PM

Quote:

Originally Posted by DorXtar

Drive-by shootings are a tool gang members use to educate the public about territorial claims and respek.

(RIAA you so gangsta)

Phrygian · Jul 14, 2010, 03:54 PM

Quote:

Originally Posted by DorXtar

Drive-by shootings are a tool gang members use to educate the public about territorial claims and respek.

(RIAA you so gangsta)

kepler · Jul 14, 2010, 03:55 PM

Quote:

Originally Posted by jimmt

Scaring people to actually pay for a service they are using. Sounds like education to me.

Yup, especially when the people they're suing are 12 years old or dead. Sounds like arbitrary extortion to me.

sittal · Jul 14, 2010, 04:00 PM

gang members often shoot 12 years old and kill people (sometimes they kill dead people to make a point).

ShaidarHaran · Jul 14, 2010, 04:22 PM

16,000,000 million is a lot

Adanu · Jul 14, 2010, 04:23 PM

jimmt, you're smarter than that... defending the RIAA is akin to defending the mafia.

badboy · Jul 14, 2010, 04:49 PM

stupidity... its everywhere

DeathKnight · Jul 14, 2010, 05:21 PM

Quote:

Originally Posted by Adanu

jimmt, you're smarter than that... defending the RIAA is akin to defending the mafia.

Well, jimmt has a point. Problem is the RIAA is doing it the wrong way. Bullying, strong-arming, extortion, you name it. They need to get with the flippin' program.

HAL10000 · Jul 14, 2010, 05:24 PM

Quote:

Originally Posted by jimmt

Scaring people to actually pay for a service they are using. Sounds like education to me.

The RIAA has no one to blame but themselves for pricing themselves out of the market and fostering an illegal downloading culture that's now rather ingrained.

I shed no tears for the RIAA.

FMT · Jul 14, 2010, 05:28 PM

Hmmm looks like there following the M.A.D concept quite well.

biggerC · Jul 14, 2010, 05:57 PM

that is a good business model. spend more then you get returned.

**shrike126** · Jul 14, 2010, 06:18 PM

If it's about education, why not invest the money in to uh... "educational" programs and such?

vertual · Jul 14, 2010, 06:21 PM

No, it is education.

I've learned that the RIAA business model is a great way to become a millionaire. (as long as your a billionaire when you start the business.)

Also, I've learned that if I want to be rich at everyone elses expense, I will become a lawyer.

Skynet · Jul 14, 2010, 06:30 PM

Quote:

Originally Posted by Adanu

jimmt, you're smarter than that... defending the RIAA is akin to defending the mafia.

Whoa whoa whoa, the Mafia has way more integrity than the RIAA.

phial · Jul 14, 2010, 06:39 PM

the legal precidents created may be worth more than the initial funds recovered.

Pr3tty F1y · Jul 14, 2010, 06:43 PM

Quote:

Originally Posted by DorXtar

Drive-by shootings are a tool gang members use to educate the public about territorial claims and respek.

(RIAA you so gangsta)

Best retort I've see on R3D in some time.

Auric · Jul 14, 2010, 08:03 PM

Quote:

Originally Posted by DorXtar

Drive-by shootings are a tool gang members use to educate the public about territorial claims and respek.

(RIAA you so gangsta)

And if innocent bystanders get shot too then so be it.

Cowzrul · Jul 14, 2010, 08:10 PM

At least someone is investing in education.

yoz · Jul 14, 2010, 08:18 PM

Quote:

Originally Posted by ShaidarHaran

16,000,000 million is a lot

lol i know, its either 16 million or 16 000 000.

which one is it OP, WHICH ONE?

gamefoo21 · Jul 14, 2010, 09:46 PM

I am patiently awaiting the post by Game... it should be... worthy of a BNS...

KAC · Jul 14, 2010, 11:44 PM

Owned

aRandomRobot · Jul 15, 2010, 12:04 AM

Quote:

Originally Posted by jimmt

If you read any press report from the RIAA their goal for doing this was not about recouping revenue, but education.

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Jul 14, 2010, 03:23 PM	#3
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Jul 14, 2010, 03:23 PM	#4
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Jul 14, 2010, 03:18 PM	#2
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Jul 14, 2010, 03:31 PM	#5
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Jul 14, 2010, 04:00 PM	#12
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Jul 14, 2010, 04:22 PM	#13
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Jul 14, 2010, 04:23 PM	#14
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Jul 14, 2010, 04:49 PM	#15
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Jul 14, 2010, 05:28 PM	#18
FMT 0.93 posts per day Join Date: Apr 2003 Location: @ Home Posts: 3,501	Hmmm looks like there following the M.A.D concept quite well.

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Jul 14, 2010, 05:57 PM	#19
biggerC Rage3D Veteran Join Date: Jun 2003 Location: Mississauga, Ontario Posts: 3,973	that is a good business model. spend more then you get returned. __________________ http://www.flickr.com/photos/chrism_75_photography/ Canon EOS 60D, Canon EF-S IS 18-55mm f/3.5-5.6, Canon EF 50mm f/1.8, Canon EF 100mm f/2.8 macro USM, Canon Speedlite 430EX II Flash, Sigma 70-300mm f/4-5.6 APO DG Macro, Sigma AF 10-20mm f/4-5.6 EX DC HSM

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Jul 14, 2010, 06:21 PM	#21
vertual Canopus Pure 3D Join Date: Jan 2002 Posts: 2,520	No, it is education. I've learned that the RIAA business model is a great way to become a millionaire. (as long as your a billionaire when you start the business.) Also, I've learned that if I want to be rich at everyone elses expense, I will become a lawyer.

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Jul 14, 2010, 06:39 PM	#23
phial no things Join Date: May 2003 Posts: 16,065	the legal precidents created may be worth more than the initial funds recovered. __________________ What you perceive to be, is your reality.

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Jul 14, 2010, 08:10 PM	#26
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Jul 14, 2010, 09:46 PM	#28
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Jul 14, 2010, 11:44 PM	#29
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