RIAA paid $16,000,000 in 2008 to recover $391,000

Tagged: RIAA, Technology
Source: recordingindustryvspeople.blogspot.com - Read the full article
Posted: 4 years 1 week ago

The RIAA's "business plan" is even worse than I'd guessed it was.

The RIAA paid Holmes Roberts & Owen $9,364,901 in 2008, Jenner & Block more than $7,000,000, and Cravath Swain & Moore $1.25 million, to pursue its "copyright infringement" claims, in order to recover a mere $391,000. [ps there were many other law firms feeding at the trough too; these were just the ones listed among the top 5 independent contractors.]

Embarrassing.

If the average settlement were $3,900, that would mean 100 settlements for the entire year.

As bad as it was, I guess it was better than the numbers for 2007, in which more than $21 million was spent on legal fees, and $3.5 million on "investigative operations" ... presumably MediaSentry. And the amount recovered was $515,929.

And 2006 was similar: they spent more than $19,000,000 in legal fees and more than $3,600,000 in "investigative operations" expenses to recover $455,000.

So all in all, for a 3 year period, they spent around $64,000,000 in legal and investigative expenses to recover around $1,361,000.

Shrewd.

No wonder they get paid the big bucks

 

Comments

Tiv
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They are aware. In fact if I recall there was a court fight for the RIAA to get their share of the money from the lawyers. Again this is not our problem.. lol

I sleep fine at night knowing we are banning people who deserve it.  Tivon
Don't test my skills, I was trained by myself! Check out my Gaming Videos!

LunarCircle
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Unfortunate thing is that news such as this is kept off of the main channels. The general public, and I bet even the RIAA shareholders, are probably not even aware of such a waste of money.