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.


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