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RIAA Says LimeWire Owes $1.5 Trillion

Posted by CmdrTaco on from the getting-a-little-greedy-guys dept.

An anonymous reader writes "LimeWire owes the major record labels one point five trillion dollars, at a conservative estimate. At least, that's what an RIAA lawyer says. He also wants LimeWire shut down and its assets frozen, says Ray Beckerman's Recording Industry vs The People blog."

16 of 510 comments (clear)

  1. 1.5 Trillion?! by jpedlow · · Score: 5, Funny

    And I used to say MY lawyer was expensive.....

    1. Re:1.5 Trillion?! by Jurily · · Score: 5, Funny

      That's ~$7.5M.

      The other one trillion four hundred ninety-nine billion nine hundred ninety-two million five hundred thousand is for lawyer's fees.

    2. Re:1.5 Trillion?! by AtomicJake · · Score: 5, Funny

      The RIAA claims that if it wasn't for those meddling Limewire, they'd made more money than the entire population and industry of Canada in a year.

      OK. Let's blame Canada.

    3. Re:1.5 Trillion?! by Anonymous Coward · · Score: 5, Funny

      Hey, we pay a tax, on all recordable media, to them already

      Stop. Talking. Like. Shatner. People. Will. Believe. We. All. Talk. That. Way.

  2. Deficit reduction! by siglercm · · Score: 4, Funny

    Good! Now the U.S. Gov't. needs to seize RIAA. That'll take a sizable chunk out of our $13+ trillion deficit!

    --
    sigfault (core dumped)
    1. Re:Deficit reduction! by Jurily · · Score: 4, Funny

      That'll take a sizable chunk out of our $13+ trillion deficit!

      Meh. According to the RIAA, my hard drive is valued over $500 million, but I still have to work for a living.

      Btw, anyone wanna buy a hard drive?

    2. Re:Deficit reduction! by Captain+Splendid · · Score: 5, Funny

      See, there you go using logic. Don't do that. It makes the politicians and the businessmen afraid.

      --
      Linux, you magnificent bastard, I read the fucking manual!
    3. Re:Deficit reduction! by Anonymous Coward · · Score: 5, Funny

      You don't seem to understand economics. Individuals with their "civil rights" are worms, while corporations Too Big to Fail are emerging butterflies, ready to spread their wings and soar. The socialists like you who want to regulate companies are like a giant jackboot on a time traveller ready to squash the butterflies and end all hope for the future, and equally ready to trod underfoot the worms wallowing in their commie dirt like "health care" and "education." It's only the Republitarian Tea Party who wants to save our delicate butterflies from the vicious violations perpetrated upon them by the worms and the boots and the dirty Huns and REMEMBER THE ALAMO.

      The economy is like a car: regulation is like how the engine keeps the gasoline exploding in the engine in tiny, controlled bursts that propels the whole car forward, so if you pour enough additives like nitroglycerin into the tank—that is, if you water the tree of liberty—you can liberate those propulsive explosions from the engine's control and blow the whole car up, which will make its individual pieces—individuals and individual responsibility and individual liberty—go much, much faster as the careen flaming across space.

  3. HAHAHAHAHA by kidgenius · · Score: 5, Funny

    HAHAHAHAHAHAHAHAHAHA Wow.... HAHAHAHAHAHAHAHAHAHA And they expect to get this money how? Are there any corporations around that even have a market cap above a trillion? They might as well ask for a BAJILLION!

  4. In other news... by Lemental · · Score: 4, Funny

    I am submitting a bill for 500 million to McDonalds, Phillip Morris and Jack Daniels for turning me into a Fat Alcoholic who smokes.

  5. Re:Let's do the math here by schon · · Score: 4, Funny

    Well *obviously* they only made $50B/year because Limewire is stealing all their income! So if Limewire hadn't existed, they would have made every penny of that $1.5 Trillion. And don't try telling me that it's absurd that they would be owed 10% of the entire US GDP. GDP is only a measure of economic output, so obviously if Limewire hadn't stolen all that money, and it had gone to EMI instead, the GDP would have been $1.5 Trillion more than it was!

    And since it's known that EMI's revenue is a tiny fraction of the US's GDP, we can only conclude that the GDP would have been several thousands of times higher than it was.

    Conclusion: LIMEWIRE IS STEALING TRILLIONS OF DOLLARS FROM THE USA EVERY YEAR!!!!!

  6. Hey RIAA!!! by Progman3K · · Score: 5, Funny

    I'LL pay your 1.5 trillion...
    But first, you need to wire me some transfer money so I can send you the 1.5 trillion.
    Wire me 2 million and it should be OK.
    Then I will send you your winnings, I mean money.
    Thanks

    --
    I don't know the meaning of the word 'don't' - J
  7. Re:1.5 Trillion?! huh by Shakrai · · Score: 4, Funny

    I wonder if, in the entire history of the music industry, if they have taken in that much.

    They would have if it wasn't for the evil tape recorder/cd-burner/napster/p2p users. The record industry would have made trillions of dollars but for that technology and the taxes on their earnings would have paid off the national debt three times over by now.

    --
    I want peace on earth and goodwill toward man.
    We are the United States Government! We don't do that sort of thing.
  8. Re:1.5 Trillion?! huh by interkin3tic · · Score: 5, Funny

    That value seems out of range, considering that you could finance two wars, clean up the BP spill and probably have enough left over to coat New Orleans in gold leaf...

    That's their goal, it was going to be a nice surprise for the rest of us, but now you've kind of ruined it...

  9. Re:That's 10% of the US GDP by AndersOSU · · Score: 4, Funny

    It's way more than the reparations paid out to holocaust survivors, even after inflation.

    Nice.

    New headline. "RIAA claims piracy more damaging than holocaust."

  10. Re:We've been laughing at you for years... by ctsupafly · · Score: 4, Funny

    It just gets scary when our leaders import daft ideas they hear from your idiots, so please keep them quiet. Our politicians keep on copying them and try to better them. Please don't give our politicians any more ideas.

    Hello, I represent the BCAA (Batshit Crazy Americans Association) and understand that you are in violation of several of our copyrights...