TweakTown
Tech content trusted by users in North America and around the world
5,927 Reviews & Articles | 38,186 News Posts

RIAA spent $64M on pirate crusade to win $1.4M

RIAA legal war cost $64M

| Business, Financial & Legal News | Posted: Jul 14, 2010 4:04 pm

The war that RIAA waged on alleged pirates is something of legend. RIAA sued people willy nilly no matter if they were living, dead, or didn't own a computer. That wide-ranging legal campaign cost tons of money.

 

[img]2[/img]

 

RIAA's tax records show that the company spent $64 million between 2006 and 2008 on legal costs associated with suing people who allegedly pirated music. For all of that money spent, RIAA only won a tiny fraction of it back from those found guilty of pirating music.

 

During the period the $64M was spent, only $1.4M was won in the legal cases. RIAA probably figures that if it hadn't waged the battle against piracy, more money would have been lost to pirates. I always figured the people prone to pirating music weren't likely to buy music if pirated versions weren't available.

 

NEWS SOURCES:Dailytech.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases