US record industry turns $16M in legal spending into $391K cash - GoFuckYourself.com

Ethersync · 07-14-2010, 03:36 AM

Quote:

Ha ha ha ha ha. RIAA paid its lawyers more than $16,000,000 in 2008 to recover only $391,000!!!

The RIAA's "business plan" is even worse than I'd guessed it was.

The RIAA paid Holmes Roberts & Owen $9,364,901 in 2008, Jenner & Block more than $7,000,000, and Cravath Swain & Moore $1.25 million, to pursue its "copyright infringement" claims, in order to recover a mere $391,000. [ps there were many other law firms feeding at the trough too; these were just the ones listed among the top 5 independent contractors.]

Embarrassing.

If the average settlement were $3,900, that would mean 100 settlements for the entire year.

As bad as it was, I guess it was better than the numbers for 2007, in which more than $21 million was spent on legal fees, and $3.5 million on "investigative operations" ... presumably MediaSentry. And the amount recovered was $515,929.

And 2006 was similar: they spent more than $19,000,000 in legal fees and more than $3,600,000 in "investigative operations" expenses to recover $455,000.

So all in all, for a 3 year period, they spent around $64,000,000 in legal and investigative expenses to recover around $1,361,000.

Shrewd.

No wonder they get paid the big bucks

http://recordingindustryvspeople.blo...s-lawyers.html

http://www.boingboing.net/2010/07/13...genius-us.html

seeandsee · 07-14-2010, 04:05 AM

Quote:

Originally Posted by Ethersync

http://recordingindustryvspeople.blo...s-lawyers.html

http://www.boingboing.net/2010/07/13...genius-us.html

so that is the reason they started with some nasty collecting tactics, asking zillions$ for movie download

kane · 07-14-2010, 04:13 AM

I don't think their plan was to ever make the money back on settlements, but to win some big cases and get some free press so that the word gets out letting people know if you download they will come after you.

I think their intention is that the money is worth it, if it prevents downloading in the future, but clearly that isn't working either.

It is a brave new world. If you create content you just have to accept that a certain percentage of the population is going to take it for free.

MrBottomTooth · 07-14-2010, 06:34 AM

This explains why they basically abandoned going after end users now.

Will be interesting to hear how the US Copyright Group does with its Hurt Locker and other movie lawsuits.

Don't see why any content providers would sign on with them after seeing how poorly the RIAA did.

ottopottomouse · 07-14-2010, 08:19 AM

Pretty much the same as any big legal action though in that the lawyers always come out of it the best.

D Ghost · 07-14-2010, 10:34 AM

So all in all, for a 3 year period, they spent around $64,000,000 in legal and investigative expenses to recover around $1,361,000.

And I thought piracy was killing the record industry, apparently it's legal fees... hahahahahah ahahahahahah

sortie · 07-14-2010, 11:09 AM

Hahahaha! At people who don't realize how much money they will make in the future
by destroying illegal downloads.

The music industry isn't looking for any money from a bunch of broke ass uploaders.
They are looking to "fuck up" the uploaders; which they have done.

Any of you broke MoFo's got $3k to blow on some illegal downloads?

crazytrini85 · 07-14-2010, 11:17 AM

Should have time shifted.

Dirty Dane · 07-14-2010, 11:34 AM

Hard to measure how much they have prevented, but probably more than their expenses.

PenisFace · 07-14-2010, 11:57 AM

Quote:

Originally Posted by sortie

Hahahaha! At people who don't realize how much money they will make in the future
by destroying illegal downloads.

The music industry isn't looking for any money from a bunch of broke ass uploaders.
They are looking to "fuck up" the uploaders; which they have done.

Any of you broke MoFo's got $3k to blow on some illegal downloads?

So long as the internet exists, you will never, ever be able to stop or prevent illegal downloads. It just won't happen. I still say the RIAA is wasting money, because things will never go back to pre-internet.

sortie · 07-14-2010, 12:40 PM

Quote:

Originally Posted by PenisFace

So long as the internet exists, you will never, ever be able to stop or prevent illegal downloads. It just won't happen.

That part is Absolutely true!!!!

It'll be just like the war on drugs except with an IP address to actually fuck people up.

Don't do the crime if you can't do the time will be the new rapidshare motto.

maxpower · 07-14-2010, 01:14 PM

YOu can not turn back time, if you knock out one, three more will pop-up and will be even worse.

They no longer have any real rights to their products ones they are released, in every other country in the world these copyright issues are Not endorsed by even their governments.

You can not put the Genie back in the bottle, and its way to late to even try.

All you can do is just accept the fact people will no longer pay for products of this type.....

RIP

,

SykkBoy · 07-14-2010, 01:28 PM

yup, just face the facts, if you actually take the time to produce or create something that some broke ass bitch will come along and take it as their own because they think the $30 per month they spend on their internet connection allows them the right to not have to pay for shit...

07-14-2010, 06:34 AM	#4
MrBottomTooth Confirmed User Join Date: Sep 2009 Posts: 5,795	This explains why they basically abandoned going after end users now. Will be interesting to hear how the US Copyright Group does with its Hurt Locker and other movie lawsuits. Don't see why any content providers would sign on with them after seeing how poorly the RIAA did. __________________ Get Paid Per Email Like The WEGCASH Days!!!!

07-14-2010, 08:19 AM	#5
ottopottomouse She is ugly, bad luck. Industry Role: Join Date: Jan 2010 Posts: 13,177	Pretty much the same as any big legal action though in that the lawyers always come out of it the best. __________________ ↑ see post ↑ 13101

07-14-2010, 11:09 AM	#7
sortie Confirmed User Industry Role: Join Date: Mar 2007 Posts: 7,771	Hahahaha! At people who don't realize how much money they will make in the future by destroying illegal downloads. The music industry isn't looking for any money from a bunch of broke ass uploaders. They are looking to "fuck up" the uploaders; which they have done. Any of you broke MoFo's got $3k to blow on some illegal downloads? __________________

07-14-2010, 11:17 AM	#8
crazytrini85 Confirmed User Industry Role: Join Date: Jun 2006 Location: Over there. Posts: 817	Should have time shifted. __________________ These are my top converting sponsors.

07-14-2010, 01:14 PM	#12
maxpower Confirmed User Join Date: May 2006 Posts: 734	YOu can not turn back time, if you knock out one, three more will pop-up and will be even worse. They no longer have any real rights to their products ones they are released, in every other country in the world these copyright issues are Not endorsed by even their governments. You can not put the Genie back in the bottle, and its way to late to even try. All you can do is just accept the fact people will no longer pay for products of this type..... RIP , Last edited by maxpower; 07-14-2010 at 01:23 PM..

07-14-2010, 04:13 AM	#3
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	I don't think their plan was to ever make the money back on settlements, but to win some big cases and get some free press so that the word gets out letting people know if you download they will come after you. I think their intention is that the money is worth it, if it prevents downloading in the future, but clearly that isn't working either. It is a brave new world. If you create content you just have to accept that a certain percentage of the population is going to take it for free.

07-14-2010, 10:34 AM	#6
D Ghost null Industry Role: Join Date: May 2006 Posts: 9,820	So all in all, for a 3 year period, they spent around $64,000,000 in legal and investigative expenses to recover around $1,361,000. And I thought piracy was killing the record industry, apparently it's legal fees... hahahahahah ahahahahahah

07-14-2010, 11:34 AM	#9
Dirty Dane Sick Fuck Industry Role: Join Date: Feb 2004 Location: www Posts: 9,491	Hard to measure how much they have prevented, but probably more than their expenses.

07-14-2010, 01:28 PM	#13
SykkBoy Jesus loves bacon Industry Role: Join Date: Feb 2001 Location: Sin City, Motherfucker Posts: 19,969	yup, just face the facts, if you actually take the time to produce or create something that some broke ass bitch will come along and take it as their own because they think the $30 per month they spend on their internet connection allows them the right to not have to pay for shit... __________________ Support my new movie “The Second Coming”