Limewire Being Sued For 75 Trillion
DarthVain writes "13 record companies are trying to sue Limewire for $75 Trillion. The NYC judge in the case thinks it is 'absurd'. Its almost like these media companies are their worst enemy trying to make themselves look ridiculous. From the article: "The record companies, which had demanded damages ranging from $400 billion to $75 trillion, had argued that Section 504(c)(1) of the Copyright Act provided for damages for each instance of infringement where two or more parties were liable. For a popular site like Lime Wire, which had thousands of users and millions of downloads, Wood held that the damage award would be staggering under this interpretation. 'If plaintiffs were able to pursue a statutory damage theory predicated on the number of direct infringers per work, defendants' damages could reach into the trillions,' she wrote. 'As defendants note, plaintiffs are suggesting an award that is more money than the entire music recording industry has made since Edison's invention of the phonograph in 1877.'"
I'm sure that stone will start producing blood any time now. Lots and lots of blood.
TROLOLOOLOLOL.
for only 40 Trillion
Nullius in verba
They're just trying to show the public how much "lost revenues" "pirating" has cost them.
In many of these cases, the RIAA and media companies making the absurd assumption that everyone who hosts a song on a P2P network is somehow costing them tens of thousands of $ in CD sales, as if everyone who downloads a pirated song would have run out to buy the CD otherwise (leading to a scenario where someone who downloads 10 songs from the same CD would have logically bought ten copies of the same CD, if only for those darned pirates). Following that logic out, if it weren't for the pirates, the music industry would be the largest and richest entity in the world--with revenues bigger than that of the U.S. government.
SJW: Someone who has run out of real oppression, and has to fake it.
There aren't seventy five trillion dollars. Now go away until you have a reasonable grievance.
the preceding comment is my own and in no way reflects the opinion of the Joint Chiefs of Staff
Because it does highlight the absurdity of the statutory damages for copyright infringement.
Dr. Evil would be proud...
I assume THIS will suffice for payment? I do, however, expect them to return the proper amount of change to me. If they are not able to handle denominations this large, then I will assume the debt to be null and void as it has been proven the funds are available, but they are refusing to take the money.
"So after all this, you make my case for me. To end this stalemate, you must die..."
75 trillion dollars is more than the GDP of the planet in 2010.
62 trillion dollars was the total global GDP in 2010 according to the IMF
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
Donald Rumsfeld is giving the president his daily briefing. He concludes by saying: "Yesterday, 3 Brazilian soldiers were killed." "OH NO!" the President exclaims. "That's terrible!" His staff sits stunned at this display of emotion, nervously watching as the President sits, head in hands. Finally, the President looks up and asks, "How many is a brazillion?"
Putting this figure into context, $75 trillion is about $250000 per person in the USA. If the rest of the world wants to shoulder its share, it becomes a mere $12000 per person over the entire planet.
Those who can make you believe absurdities can make you commit atrocities. - Voltaire
Stop blaming the RIAA for this stupidity. The law lists a fixed amount of statutory damage per infringement. So their calculations are correct. Even though the RIAA lobbied for these stupid laws, the ultimate blame lies with the "representatives" who voted for it.
I would just love one of these Senators, or their family members, to get hit with one of these lawsuits. As long as they are above the law they can pass this crud without fear.
The penalty for an excessive lawsuit should be >= the difference between the claimed damage and the actual damage.
In my dream-world legal system the court would rule that "yes, limewire contributed to some copying, so they owe the record companies $50K or so in actual lost sales --- but the record industry should be fined $75-trillion-minus-that-$50K for wasting taxpayer money having the justice-system hear that absurd suit."
And you don't think that some crappy mp3s of Michael Jackson are worth every penny that?!?
The scariest (or most interesting) part of this is that it's not so much that the lawyers said so, but the law itself says that is the amount. So if anyone is wrong here, it's the law. The plaintiff is indeed simply asking for the damage amounts based on what is described in the law at the proper calcuation method. .
Build your own energy sources from scratch. http://otherpower.com/
I strongly approve.
The RIAA assumes that each copy of each song is worth a dollar and is independently covered by copyright violation fines. This couldn't be farther from the truth. People end up with freely obtained music that they would never (in any world) pay for. Separately, the immature behavior of the RIAA (primarily their scare tactics and markup) couples with the enormity of copyleft content now freely available to spell a significantly reduced value (supply and demand). We're heading towards a new media paradigm that just doesn't have room for the RIAA.
I think by calculating the value as perceived by the RIAA, we have this on display for all to see. The press and the courts will have no choice but to see this for the fear-mongering death flails of a dying industry.
Talk about shooting themselves in the foot — they may have just blown off their whole leg — and the ground they stood on.
Use my userscript to add story images to Slashdot. There's no going back.
...and we will sue limewire for.. *raises pinky to lip* 75 trillion dollars!
Limewire execs: *much laughing* hahahaha, it's 2011, that amount of money doesn't even exist!
*RIAA exec gestures to cut off transmission*
Well, shit...
*reopens transmission*
We don't care.
"People don't want to learn linux" hasn't been a valid excuse since '03.
To be fair. wealth and GDP are not the same.
The only figures I have are for 2005, but the UK had worth of 5.8 trillion pounds (http://www.independent.co.uk/news/business/news/value-of-uk-plc-rises-to-163100000-for-each-man-woman-and-child-500266.html), with a GDP of 1.2 trillion, giving a roughly factor of 5 difference. Assuming that ratio roughly holds for 2010/2011 and to other countries, the total net worth of the world is about 300 trillion dollars (nominal but I'm not sure on PPP it would be much different).
It's not like they are claiming damages for just one year, so we probably shouldn't claim total economic output for just one year.
I mean, obviously the music business is worth nearly 1/4 of everything on the planet, food, cars, TV's aircraft, computers, houses, and limewire must have scurried away all that money. Put another way, the total inhabited land area of the planet is 150 million square kilometres, so the music business is worth approximatedly 1/4 of that, which is the total area of russia, the USA and china combined.