Record Industry Wants $75 Trillion From Limewire

Posted: March 29th, 2011 | Author: | Filed under: Uncategorized | 2 Comments »

Let’s put this number in perspective… 75 Trillion dollars is 50% more than the entire world produces in a year. Just thinking about owing that much money to someone makes me want to research some hair loss products , because I would be pulling my hair out. Luckily, the judge who is trying the case has at least one lick of common sense- he’s not accepting this ludicrous amount for damages. Also, the poor guys at limewire are probably penniless from paying for all those lawyers and whatnot. This makes it a real “blood from a turnip” situation.

2 Comments on “Record Industry Wants $75 Trillion From Limewire”

  1. 1 Stephanie said at 4:31 am on March 30th, 2011:

    Idiots.

    Every time the purveyors of of creative media get greedy, they shoot themselves in the foot. If they would stop trying to gouge the public and recognize the days of hyped up prices are gone, they could enjoy a damn fine profit by just selling more of anything.

    Where were these yahoos when movie mavens were freaking out? Didn’t they learn anything?

  2. 2 Sly said at 7:39 am on March 30th, 2011:

    Fact is, they never learned from the superbowl burning of disco records (in 1978, I think). They simply rebranded disco as ‘dance music’ and moved on. To hell with what the general public thinks of the product, it’s making money.

    New pop music is awful, and getting worse. It’s not music for the people by the people. It’s now music created for the sole purpose of making money, aimed directly at the younger crowd, say 12-24 year old urban youths. Maybe if they tried to appeal to a wider audience, they’d see more sales.

    The industry has also failed to stay ahead of the curve technologically- instead of leading the way with digital music, they’re still dragging their feet when it comes to joining this party. Probably because they were seeing insanely high CD sales in the year 2000- more than any other time in their history.

    Between 1993 and 2004, sales were double (or close to it) the figures seen in the 70′s. that’s number of albums sold. In fact, 2008 was better than 1973, 74, 75…

    http://www.digitalmusicnews.com/stories/021711disruption

    Thanks for your comment, glad you came back!

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