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Clues for the Clueless

June 8, 2010 20:50:10.000

Today must be the day for piles of stupid. I see that the RIAA expects Limewire to cough up - wait for it - $1.5T $150B

Now it looks as though one Kelly M. Klaus (right) of Munger, Tolles & Olson, yet another RIAA posse, wants Wood to order LimeWire owner Mark Gorton to pay $1,500,000,000,000 [ed: $150B] for 200,000,000 alleged downloads, at $750 per.

Where does a dumb figure like $750 per song come from? never mind the obvious - most trading of music doesn't cost anyone money, because the people engaged in large amounts of file sharing weren't going to pay under any circumstances. The rest (the vast majority) who grab a handful of songs probably end up buying more after figuring out whether they like an artist or not.

But never mind all that - the going price for songs on the net ranges from $0.79 - $1.29. Where the heck does $750 come from? I'm afraid it comes from somewhere the sun never shines...

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posted by James Robertson

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