26 May 2012

More Than All the Tea in China

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Ultimate Guitar reports what has to count has to represent some kind of record for litigious overreach.

It’s no secret that LimeWire was once a hotbed of peer-to-peer music piracy, but the RIAA has now attempted to sue it for $72 trillion – more money than exists in the world today.

LimeWire was shut down in October 2010, but litigation continues from music bodies around the world, including Merlin which represents independent labels.

The RIAA told a court that it identified over 11,000 American songs that were being illegally shared, and that it should be compensated for every individual download of the tracks.

However, its claim for $72 trillion is 20 percent higher than the combined wealth of the entire world, which is $60 trillion according to the NME.

Don’t run to your bank yet. The judge in the case dismissed the figure, and said the music industry is only entitled to sue LimeWire per song, rather than for every individual download.

This could still be substantial sum of money. At the proposed figure of $150,000 per song, LimeWire could be forced to pay a $1.65 billion fine.

Via LifeHacker.

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