According to the RIAA’s own figures, the math is catastrophic!
In January 2006, there were approximately 2370 music torrents posted. By estimating that each music file is 5 megs, we can estimate the number of infringements as the number of downloads multiplied by the estimated number of songs. I ran my program, and when I saw the results I was shocked! Using those figures, there were approximately 76,272,931 infringements caused by the torrents posted in January! Using the RIAA’s value of $150,000 per infringement, the total cost to the music industry was $11,440,939,650,000!
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The riaa most likely knows these figures as well and are running around suing all that breathe just to get these greens. Who knows maybe their making more money by suing rather than selling.
you have to also think that most people that download the songs most likely wouldnt of gone out and bought the music anyways so if there was no way to download the music and the people wouldnt of bought it anyways then they really didnt lose anything.
I can think of a few things worth more than the GDP of France…
Each torrent is an Album EP Single CDM or CDS. No way of really telling. Higher byte rate is reguarded for alot of torrents. So 10-15 songs average in a torrent. 70-109megs on most cases.
counting all torrents i would belive it to be true. i have all of star trek now and each season rings in at $100. with there being $1000 between the first two series alone multilplied by the number of people downloading that adding in everything else that is being torrented around the globe…. the GDP of france isnt too far away
Hmm..Interesting that they compared that number to France!
Still cheaper then Yahaya Wahab phone bill poor Yahaya Wahab couldnt resist those phone sex lines although who to saw those hours of conversation were not worth the 218 trillion he owes for phone calls.
“you have to also think that most people that download the songs most likely wouldnt of gone out and bought the music anyways so if there was no way to download the music and the people wouldnt of bought it anyways then they really didnt lose anything.”
I totally agree with this perspective. Certainly we cannot assume that everyone downloading would not have legitemately purchased the product however I beleive that it is fair to say a majority of them would not have. People have been stealing things since the beginning of time. The record industry is no exception. Anyone who owns anything is subject to this kind of behavior. If you think about it for a moment people have been owning and distributing illegal music since the cassette tape. Surely not to the modern-day extent but the principal is still the same. I don’t deny that they’ve seen their fair share of losses but so has every other industry in this world at some point. In my opinion the RIAA’s rebuttal techniques aren’t helping their cause if anything I beleive it generates more defiance. Why are they so special as to make such a huge fuss over something that happens to every business or industry in some way shape or form?
not only would only 1% of this have been bought $150000 per infringement is more like 3 cents of wholesale cost value so it’s more like they are losing the gdp of a stay at home mom and the world is benefiting the gdp of France. Gee that much be such a sacrifice.
hmmm… maybe its about time the RIAA shut itself down…