RIAA’s Losing Gamble: Spends $63M For Copyright Suits
3 08 2010| by Wendy Davis, Wednesday, July 14, 2010, 6:00 PM | |
|
The Recording Industry Association of America previously said that suing people who shared music on peer-to-peer networks was an unprofitable endeavor. But it wasn’t clear until this week just how big the RIAA’s losses were.Turns out, the RIAA paid more than $16 million in legal fees in 2008, but recouped only around $400,000 from copyright infringers, according to an analysis by defense attorney Ray Beckerman. And that’s not all. In 2006 and 2007 the RIAA spent more than $40 million in legal fees and more than $7 million in investigations, to garner a total of around $1 million. The content in this post was found at http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=132004 and was not authored by the moderators of freeforafee.com. Clicking the title link will take you to the source of the post. |
