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RIAA Profits Nearly $100 Million by Suing P2P Users

posted by riaasuckz in file sharing // 1014 days 7 hours 24 minutes ago
As of today, an estimated 18,337 Internet users have had suit filed against them by the RIAA for the alleged distribution of copyrighted materials.

I get these figures from a Janurary 2006 article at Slyck.com, in which Slyck states that as of January 31st there have been 16,837. Since then, in the month of February and the month of March there has been 750 more sued for each, resulting in the number at the top.

Most RIAA lawsuits against individual file-swappers result in the defendant settling with the RIAA to avoid going to court and possibly losing against the multi-billion dollar organization.

Generally, these suits are settled at $3,000 USD to $6,000 USD. I have seen in the past few years a $2,000 or a $7,000 every now and then, but for argument's sake, we will say the average settled lawsuit is $5,000, since this appears most frequently.

Let's say all 18,337 USA citizens sued have settled for $5,000 USD each, to avoid going to court and possibly losing their homes. That would give the RIAA massive profits of $91,685,000! The RIAA has profited nearly $100million by suing individual who are too helpless to fight back, since their 'sue em' all' campaign began, years ago.

Despite Music Industry studies which indicate that P2P users are more likely to purchase music, and P2P does not damage music sales, the RIAA continues to sue the magic number of 750 people a month.

Full Story: http://thepiratetimes.com/tpt/?p=65

  • #1    100 million thats bullshit!!!!!! most if thease casses get dismissed or riaa doesn't pursue them by the riaa's own press release say s only about three 3,000 or so have actually been settled since it all strted in 2003. If riaa was making this kinda money why did they have to go to a new firm because of casess the getting money different matter in most cases it cast them more money try and collect than the settlement.
    posted by lazoerot 1014 days 6 hours 7 minutes ago
  • #2    greedy greedy greedy!!!
    posted by davetheman 1013 days 23 hours 49 minutes ago
  • #3    now all we need are get-rich-quick seminars tell you how you can make millions for suing innocent people
    posted by Signa 1013 days 22 hours 21 minutes ago
  • #4    whatever the actual amount is, no one seems to know for sure, but i think the author backs up his point very well, and at least seems to prove they are making money, and that is the point of the lawsuits, not to do anything they say it will, since it's completely inaffective and unjustified.
    posted by riaasuckz 1013 days 21 hours 12 minutes ago
  • #5    sue the fans, brilliant.
    posted by zombiedepot 1013 days 9 hours 40 minutes ago
  • #6    i wouldnt say they are making tons of profit because after all they are still paying court costs. also keep in mind that even after a case gets settled that doesnt mean they get the money right away since most people cant just come up with 5G on the spot. At least I know i cant, lol
    posted by statusquo80 1013 days 6 hours 44 minutes ago
  • #7    yeah well while americans are being sued i`ll just stay in toon town and continue bleeding those RIAA SCUM dry!
    posted by NFSU2FREAK 1013 days 3 hours 39 minutes ago
  • #8    f...-..ng riaa,shoot them,blow them up..

    i haven t been sued myself,i just hate what they are doing.di..s
    posted by soundmaster inc 1013 days 9 minutes ago
  • #9    we should sue the riaa for pain and distress
    posted by kokanezub 1012 days 23 hours 23 minutes ago
  • #10    fwck to them. Bring it to my door.
    posted by Julian 1012 days 22 hours 41 minutes ago
  • #11    well this only gives me another reason to keep buying music yea right!
    posted by origin 1012 days 21 hours 53 minutes ago
  • #12    If they can't charge even more outrageous prices for their cds, then sue their customers for the money. They gotta make a buck somehow right? Tards.
    posted by bobhss 1012 days 21 hours 53 minutes ago
  • #13    bloody bastards!
    posted by teh_n00ber 1012 days 16 hours 28 minutes ago
  • #14    Fuck em they cant get blood from a trunip....

    .the older I get the more I relize capitalism is just prostitution with out the good morals...............Maybe we should start to sue for every crap movie or cd that sucks and emptys our pockets I know there are lots of those, Ive worked on a few of them

    .
    posted by Randygod 1012 days 16 hours 27 minutes ago
  • #15    i highly doubt they are coming remotely close to directly profiting from these lawsuits. For each person sued, they need to first find that person and gather 'evidence,' generally through a third party, file a lawsuit, subpoena the appropriate isp, offer a settlement, then go to court if necessary. Chances are this works out to several thousand dollars per lawsuit. Add to that that it is highly unlikely that more than a small fraction of those sued have actually paid out the money, it seems far more likely that money has been lost on these suits.
    posted by Muffin_Man 1012 days 8 hours 56 minutes ago
  • #16    "i highly doubt they are coming remotely close to directly profiting from these lawsuits... it seems far more likely that money has been lost on these suits." - Muffin_Man

    ^B.S.!
    posted by zpun8 1012 days 6 minutes ago
  • #17    I do wonder what their costs are per lawsuit...
    posted by cjules13 1011 days 8 hours 2 minutes ago
  • #18    There not doing it to profit from it. They are doing it to scare people away from p2p and to actually buy the album in which the turn a bigger profit. If anything, they settle to break even.
    posted by shawners 1011 days 1 hour 6 minutes ago
  • #19    Since they say they're suing fans to protect the rights of their artists, how much of the 100 mil went to the artists as royalties?
    posted by momditty 1009 days 4 hours 35 minutes ago

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