• Music Industry Seeking $75,000,000,000,000 Damage Compensation from Limewire

    Once the equivalent of file-sharing, Limewire has come now to be identified with endless lawsuits and absurd monetary claims.
    The corpus of 13 record companies currently suing the legendary p2p service have come up with an estimation of that in their opinion is the amount owed to them by Limewire – between $400 billion and $75 trillion – and no, it’s not a typing mistake! My brain kind of refuses to even grasp the idea of such amount of money.

    For me it’s like saying – “you owe us the planet itself!”
    Fortunately enough, the judge in charge with the case, Judge Kimba Wood is still able to think with the realm reason(able) and plain common sense. She called the claim simply “absurd”.
    “As defendants note, plaintiffs are suggesting an award that is ‘more money than the entire music recording industry has made since Edison’s invention of the phonograph in 1877′,” she wrote.

    If you wonder how the record companies made that estimation, well, apparently, they claim, every time a song was made available through Limewire and re-shared afterwards, the file-sharing service should pay a certain fee.

    However, given the ridiculous claims, Judge Wood has now concluded that Limewire can only be fined a single statutory fee per work infringed.

    Source: P2Pon
    Comments 9 Comments
    1. duke0102's Avatar
      duke0102 -
      Are they trying to force the company to go bankrupt? If they really wanted/needed the money then a realistic figure would be better
    1. EyeCandy's Avatar
      EyeCandy -
      Hey, Cabalo...you're missing a few zeros in trillion...
    1. Cabalo's Avatar
      Cabalo -
      Fixed that
    1. Blackbeard's Avatar
      Blackbeard -
      What happened to the 8th us amendment? guess no one cares. =|
    1. predateur's Avatar
      predateur -
      lol 75tril is all the world's money
    1. beatmatch1's Avatar
      beatmatch1 -
      I had a good laugh
    1. Appzalien's Avatar
      Appzalien -
      I have an idea, let them sue and win, and then the Government can sue the Music and Movie industries for harrasment of the public, take all that money and use it to lower the deficit. LOL!
    1. taniquetil's Avatar
      taniquetil -
      Just for the record:
      $75 trillion is more money than than the recording industry in the US has made. Ever.
    1. mjmacky's Avatar
      mjmacky -
      I guess this proves wrong the people that said the RIAA is out of touch with reality