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RIAA Settlement: Possible Consumer Payback
KoopaTroopa writes "Over on Ars Technica they are running a story about the RIAA handing out consumer payments as a settlement to a price-fixing class action. If you bought a recording at retail between Jan. 1, 1995, and Dec. 22, 2000, claim your money." As usual, the lawyers win a lot more than you will, but the process is pretty painless if you'd like to collect part of the settlement money; you may recall this earlier story about the settlement.
In order to get my few dollars, I have to give out all my personal info, social security number, mother's maiden name, etc, etc? No thanks. I don't care how official that web site looks; that's enough information to steal everything I own and trash my credit rating for the next thousand years.
I was a bit uncomfortable with the idea of giving them my date of birth and the last four digits of my Social Security Number.
The cash paid by the Defendants, after the payment of attorneys' fees, litigation and Settlement administration costs, shall be distributed to consumers who purchased Music Products. The number of claims filed will determine the actual amount of the individual refund but will not exceed $20.00 per claimant. If the number of claims filed would result in refunds of less than $5.00 per claimant, there will be no cash distribution to individual consumers. Rather, the cash portion of the Settlement shall be distributed to not-for-profit, charitable, governmental or public entities to be used for music-related purposes or programs for the benefit of consumers who purchased Music Products.
This kind of settlement won't benefit consumers directly. Even if you could locate six year old receipts, the odds are pretty good you won't get a direct settlement out of this.
get 5.00 back in the laswsuit
buy 100 CDs get 5.00 back in the lawsuit...
that means I got overcharged 2 cents for each of my CDs...
how about they lower the prices instead?
Thanks to file sharing, I purchase more CDs
Thanks to the RIAA, I buy them used...
"As usual, the lawyers win a lot more than you will, but the ..."
This may come as a huge surprise, but the lawyers actually earned that money. All you had to do was fill out a form on the web.
It is being spread that you will get $20 for a claim. In fact you will get $20 if less than 3.375 million people make claims because they are only paying a total of $67.5 million.
In fact, if more than 13.5 million people make claims which causes each claim to be less than $5 than everybody gets NOTHING. I wouldn't be surprised if more than 13.5 million people do make claims with all the press this story will get. The RIAA will probably try to get more press so that payments are nullified.
I'm curious to know where all the money goes if the average payment is less than $5... Do the lawyers get a week in Bermuda?
Where the Music Matters
I would assume they settled out of course instead of paying this as part of a judgement. If they had gone the whole distance in court they would have had to pay refunds AND stop price fixing. I haven't seen any drop in CD prices, so it's obvious they haven't changed their practices one bit.
No doubt the RIAA attornies realized they would lose the case and be forced to sell music at reasonable prices. They can't have that! So settle for a few measly millions, instead.
-- Will program for bandwidth
It was ours to begin with. Record companies were found to be overcharging customers and the courts took action to give it back to consumers. So the lawyers did some work so they should be compensated for their work, I agree, but implying that I should have to earn my money back is rediculous!
What does getting a check for a few cents in the mail have to do with resolving the CD pricing issue? The RIAA was fixing prices then, and they have only pushed them higher since.
Part of their guilt came from their prohibition against any store advertising CDs below a certain price. Strangely, I haven't seen much of a change.
In any case, CDs are priced WAY too high. Now whether it's ok to copy based on that is another story.
Also, don't you find it strange that each time you back up your data to a CD, you have just paid a tax to the RIAA?
Donate background CPU time to fight cancer.
Unfortunately many financial institutions use the last four digits of your social security number as a password of sorts. It's sometimes used directly as a PIN, and sometimes as the initial password when you set up online banking for the first time. Armed with a name, address, date of birth, and last four digits of your social security number, you could get access to many bank accounts.
Now, a financial institution shouldn't use your SSN as a password of any sort, but there is still no reason for these people to requirement.
Search 2010 Gen Con events
If I DO get a check from the settlement, I'm framing it and putting it on my wall. For once the record companies are paying ME! :)
(Nevermind the various p2p networks... They're for sharing non-copyrighted material of course.)
If you sign this you also agree in whole to the agreement, with what apears to be no future recourse.
I say *noone* sign and we fight for whats really far.
A free cd ? bah thats not fair settlement.
---- Booth was a patriot ----
Thank you, laywers! I can retire now.
"I'd rather rationalize my mp3 theft by saying CD prices are too high."
Theft is when you sell a consumer something they can't preview or return. "Open your mouth and close your eyes!"
I'm going to put in a claim, then use that $20 to support the EFF (or maybe a different consumer-rights organization). Let's use the record companies' money against them!
The Mongrel Dogs Who Teach
At the bottom of my sig, you'll see the mag I donate my webmastering skills too. We're a local zine for the silicon valley music scene.
.5 owner of the zine. When we went to the different bay area wherehouse music stores today, we found out some alarming news.
Before ppl ask "SV has a music scene?" remember, bands like green day come out of here. Our music scene is totally different than that of L.A.'s a.k.a. Hollywood. I can't describe it, because I see everything as data, but I can tell you what the musicians are fearing.
So today, i'm riding around delivering the latest issue of Zero with one of our big bosses. Boss delivering zines you ask? It's hard times, everyone is pulling double effort.
Anyways, this cat is a musician, and
All Wherehouse music stores around our area are shutting down... We have noticed a trend too, less people in other music stores.
So who's to blame? Napster? The economy? Pirates?
Well, my partner started asking questions about the technology. He's what I would call a reforming luddite (yeah strong words but he'd agree with me) "Isn't there some way they could make a CD so it's uncopyable?" he asked. I explained to him as long as there was some sort of digital, to a speaker coil coversion, the RIAA will never be able to stamp out piracy.
"Well who the fuck would want to download a shitty copy of a song then!" he chirped.
"The same fucks that would bring a camera into AOTC's, compress it to mpeg and share it over kazaa" I replied.
Stumped, he went back to his first question. After repeating that there had to be some way of doing it 3 times I answered..
"Yeah, if they could convince everyone to replace their ears with DRM enabled digital implants, then yeah the RIAA has a chance"
Well, he got the point after that. So he moved onto "How do you stamp out P2P?"
I put it into another analogy for him. Napster with it's central peer topology is much like a football team with 1 quarterback. You sack the quarterback.. You sack the network.
"So the RIAA can just sack kazaa right?"
"No, Kazaa would be the equivelent of every player on the team being both QB and reciever"
See, our zine stays alive by record lables having the money to buy adspace from us. If the record lables are losing money from P2P it affects us because they've yet to evolve to the net.
"What should they do?"
Personally, I think the record lables should ditch CD production altogether now. They should make songs freely downloadable. Fuck it, cut their losses.
But rather than look at it like a loss, the record industry should take a Las Vegas approach to it. Just use the music as a "comp" to milk money out of people in other ways.
For instance, that $50 dollar green day ticket, fuck it, if people won't buy the albums anymore, double it. I think people wouldn't care if they had to pay more for live performances. I'm biased because I do get in for free, and don't have any money to pay for tickets anyways. I'm 30 years old in feburary and am perfectly content to staying at home.
The market is really for 14-25 year olds. Those are the people with expendable cash. They live at home, don't have a mortgage, and can afford $100 bucks to see a live performance. With the rate of inflation over the last 10 years, $100 doesn't really seem like a lot to me to see a big headliner band if I had no financial obligations.
I'm the oldest of 6, my youngest siblings are more at home in the computer enviroment than I ever was at their age. The RIAA doesn't realize this yet, but their biggest age group has a huge understanding of internet distribution, and they will never be able to beat it. That's just an unfortunate fact about it.
So to recap the RIAA should...
Cut back CD production,
Raise the price of live performances
Focus on promotion more than CD distribution.
Well, it's 3:30, and after a night of bouncing 300lb pac islanders from my karaoke bar, I need some sleep. Slash you in the morning and I hope your friday was as fun as mine.
--Toq