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RIAA Says LimeWire Owes $1.5 Trillion

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."

9 of 510 comments (clear)

  1. Obviously by Skyshadow · · Score: 5, Interesting

    It should be clear to anyone that the damage caused by Limewire dwarf those from, say, BP.

    Also, the RIAA is full of retards. No offense to people with actual disabilities, mind you, unless they work at the RIAA.

    --
    Every year during my review, I just pray the words "slashdot.org" aren't mentioned.
  2. And BP owes 75 million? by copponex · · Score: 5, Interesting

    You know, the justice system is at least supposed to give the illusion of justice in order to work. Apparently I can destroy the ecosystem of a good 20% of the American coastline and pay 20,000 times less than a company that made P2P file sharing easier.

    What. The. Fuck.

  3. Funny Money by longacre · · Score: 4, Interesting

    $1.5 trillion is more than the combined revenue of every RIAA member in this history of the world.

  4. Re:Respond appropriately by jbeaupre · · Score: 4, Interesting

    No, send a couple Zimbabwe trillion dollar bills, then demand half a trillion in change.

    --
    The world is made by those who show up for the job.
  5. off the deep end by Triv · · Score: 4, Interesting

    ...what the fuck are they smoking.

    The current US Gross Domestic Product is in the vicinity of 14 trillion dollars.

    The RIAA honestly believes that Limewire owes them 10% of all the wealth produced by the United States in a year.

    The RIAA was always living in their own little fantasy world, but I didn't realize the depth of their delusion until now.

    This has to stop.

  6. RIAA shoots self in foot, I think by Aim+Here · · Score: 4, Interesting

    Think about it. The RIAA's usual claim is that every downloaded file is a lost sale. and damages should be calculated based on that. Now by asking for this ludicrious figure, they've just put the lie to that previous assertion, since there is absolutely no way in hell that the general public could, or would have paid for $1 trillion worth of their products.

    On the other hand, they've just claimed that Limewire has increased the net digital wealth of the world by something of the order of well over $1 trillion, something the RIAA could never have done by themselves. Way to go, Limewire!

  7. We've been laughing at you for years... by fantomas · · Score: 5, Interesting

    "This has got to be the point where sane people around the world finally say "What? That's a joke, right? Please say that's a joke."
    Trust me buddy, lots of us round the world have been having a good laugh at what the crazy Americans do for years. We'll just add it to the long list of why we think your nation is mad.

    Nothing personal, we know most of you are lovely fine folk. But you've sure got your share of idiots that we're happy are an ocean away from us.

    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.

  8. Only 1,500,000,000,000 dollars? by MartinSchou · · Score: 5, Interesting

    That's not too bad. It's only like 40% of the US Federal Budget for 2009.

    That'll only buy them:
    100 F-35 (9 billion)
    100 F-22 (15 billion)
    3 Gerald R Ford class carriers (27 billion, carries 225 planes)
    4 Virginia class submarines (11.2 billion)
    10 Zumwalt class destroyers (33 billion)

    And then they'll "only" have 1,400 billion dollars left. That should keep them in crew for a while as well.

  9. Re:1.5 Trillion?! huh by MartinSchou · · Score: 5, Interesting

    Well, how much gold does 1.5 trillion dollars buy?

    Well, gold is around 1,235 USD/ounce at the moment. So we could buy 1,21 billion ounces. That's 34,432 tonnes. And to put that into perspective, it is estimated that throughout humanity we have mined between 140,000 and 160,000 tons, so that'd be 21 to 24% percent of all gold ever mined.

    At 19.30 g/cm^3, that's 1.618 × 10^9 cm^3 or 1,618 m^3.

    But what about gold leaf then? Well, that's about 0.1 micrometer in thickness. And 1,618 m^3 of gold could be made into 16,180 km^2 of gold leaf. That's enough to cover the land of Delaware and Rhode Island twice. New Orleans is trickier - it's only 467.6 km^2 land, but the metro area is 9,726.6 km^2. There's plenty to cover it, but how much should be covered?

    However - we're talking about the RIAA here. They wouldn't want to gild a city. But maybe skin in an attempt to kill the evil pirates? We have enough gold leaf to cover 16,180,000,000 m^2 of skin, and the average adult has about two m^2 of skin. In other words they could completely cover 8,090,000,000 people in gold leaf. Plenty more than there are people in the world.

    At least now we know how they ended up at the 1,500,000,000,000 dollar figure.