RIAA makes nearly $100 Million by suing P2P Users
Posted on 05/04/06 22:04 by Quakester2000                             
RIAA makes nearly $100 Million by suing P2P Users

RTV71 used our news submit to tell us that the RIAA has pocketed around $100 million dollars via lawsuits against P2P file sharers. As we know most lawsuits are settled out of court to avoid being forced to pay high settlements that could cause the person being sued to loose their home. The average settlement is between $3,000 and $6,000 though this can vary.

If we calculate that all 18,337 U.S citizens that have settled out of court at say $5,000. This would mean the RIAA would have made around $91.6 million from suing people that can't afford to fight back. What do you think of this?

Legal Logo 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.

 

 

Source: PirateTimes

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Reactions
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By bkf, Wednesday 05 April 2006 22:21
bkfWhat do I think? I think all 18,337 that gave them a dime are stupid. Make them earn the $$$$. 18,337 When in doubt cavepuke
By shimman, Wednesday 05 April 2006 22:47
& lawyer takes 37%....what a great country us is Wink
By petal666, Thursday 06 April 2006 01:07
How much of that went to the artists? None I'd say.
By stevehyper12nitro, Thursday 06 April 2006 03:24
yeah how much went to the artists and how do they calculate what goes to the artists. Also in Australia I just heard on the radio in most clubs or places that play music they normally pay $3000 a year for that royalty now its over $100000 what a f'ing joke puke
By rla, Thursday 06 April 2006 04:24
Since these civil actions are not CD sales you can bet your arse that the artists and writers get absolutely nothing in this campaign to protect artists *roars.
By themushroom, Thursday 06 April 2006 23:32
They have to get their money somehow, since the music they've been producing in the last few years has been sh!te not everyone wants to buy.
By Roj, Friday 07 April 2006 03:15
*cough*bullshit*cough* As stated, given the fines they extort, they'd have to have won or settled several tens of thousands of individual cases to actually achieve the figures they claim. Do the math. They Lie. Hardly surprising, considering they;re the new Father Of Lies.
By DJ Specs, Friday 07 April 2006 04:32
Oh for fudrucking sakes.. this is mere horse shite! The RIAA people should all be shot and hung in the streets... how obvious can any institute be at being corrupt? When will anyone do anything about this.. Frown
By NeoRonin, Saturday 08 April 2006 03:12
As I have always argued expose these individuals. Let the public shame them, don't allow them to be faceless, hiding behind an organisation. Give me their email, home address I'll happily let them know how I feel to their faces.
By tranceaddict, Sunday 09 April 2006 00:55
dont worry folks.... there is a special place in hell for those greedy RIAA fucksdevil
By headquarter84, Friday 14 April 2006 01:51
headquarter8418 THOUSAND PPL!!! like!! c'mon!!!! that's a BIG number of Arse-Wholes!!! and the more to come... America... you've been officially F***ED UP... R.I.P.
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