The RIAA (Recording Industry Association of America) has spent the past few years trying to intimidate people out of the habit of illegally downloading music from the Internet. One of the key methods they have used to try to curtail the piracy is by suing offenders, and in most cases people settle out of court. You would think that this wouldn’t be that expensive of a process just to send a letter or two, get an out of court settlement and you call it a day.
Boy would you be wrong.
The Recording Industry Vs. The People blog is reporting that the accounting for the RIAA in 2008 has been revealed, and, well, it isn’t pretty. Here is a breakdown of the three law firms listed amongst the top five contractors for the association that year.
- Holmes Roberts & Owen – $9,364,901
- Jenner & Block – $7,000,000
- Cravath Swain & Moore – $1.25 million
So, just for those three law firms, the total comes to $17,614,901, and there were more legal fees spread out through their contractor report. Boy, for all of that spending you’d think the money would have just come flowing in.
How does $391,000 sound to you?
Yes, you read that right, they spent $17,614,901 in 2008 to collect $391,000. The sad part? It gets worse:
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.
It is obvious the RIAA is spending all this money in an effort to intimidate people into not file sharing, and it isn’t actually about how much money they collect, but it really does make them look sad and incompetent. Should anyone really worry about this toothless beast that spends money hand over fist for no good reason. How long can they keep it up?
The only people enjoying this whole thing are the RIAA’s lawyers, I imagine the RIAA itself is crying while consumers laugh at them.
What say you? Does this just look sad and pathetic, or is it actually sad and pathetic?
The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!
Win an iPhone, iPad and Apple Watch with the Reader's Choice giveaway!
What's the best phone of 2019? Is it the iPhone 11 Pro, Pixel 4 or OnePlus 7T? What about the best laptop, games console, tablet and more? Vote NOW in the Reader's Choice awards and win BIG in time for the holidays!
Here are the best products from IFA 2019!
Here are the products announced at IFA 2019 that were worthy of our Best of IFA 2019 awards. Also featuring MrMobile's single best product at the show!
Inspire a mini muso with the best musical instruments
If you can put up with the noise, gifting your child a musical instrument is gifting them with creativity, imagination and a way to improve their hand-eye coordination, and if they dance along too, motor skills as well. From simple percussion instruments like maracas and tambourines, to a full-size keyboard piano, we've found 12 incredible instruments for your little music maker.