RIAA Spent $17.6 Million In Lawsuits... To Get $391,000 In Settlements?
from the business-as-usual dept
So if we're doing some quick math, over a three year period, the RIAA spent over $64 million on this lawsuit campaign... which brought in about $1.4 million in settlement money. We're talking about getting back about 2% of the money spent.
Wow. These lawsuits weren't just a money pit. They were an economic disaster. And don't buy the argument that this was the cost of "educating" people not to file share. If that were the case, then file sharing wouldn't still keep increasing. There's no way you can look at these numbers and not realize just how disastrous the RIAA's legal campaign was. And yet the RIAA bosses are getting raises? Incredible. It's been a dozen years since the RIAA had a very real opportunity to lead the recording industry into the digital era by adapting and embracing what the technology allowed. Instead, they've fought it the whole way, costing millions of dollars, and severely impacting the labels' bottom lines. Can anyone explain why the labels are still supporting the current RIAA leadership when it appears that every step of the way they've made exactly the wrong decisions?