US Record Industry spent $64m on lawyers to reclaim $1.6m in piracy compensation
A blow for the music industry’s policy of slamming individual users for piracy comes with some figures from 2008, which shows that the Recording Industry Association of America (RIAA) spent $64m on court fees to recover $1.6m compensation.
Don’t need to be a statistician to see that’s not working out very well.
Of course it’s arguable Record Company revenues would have decreased if users felt it was safe to pirate tracks instead of buying them, but otherwise the merits of this approach seem a little hard to grasp.
The figures come from recordingindustryvspeople.blogspot.com via businessinsider
They tot up the legal fees and the compensation recovered in 2006, 2007 and 2008 – and conclude
“for a 3 year period, they spent around $64,000,000 in legal and investigative expenses to recover around $1,361,000.”
Related: Why the Music Industry is getting all hot and bothered about Augmented Reality