Friday, March 25, 2011

Why people running recording industry are nuts

When a judge asked representatives of recording industry, their estimates of losses because of a service provided by LimeWire, their answer was between 400 billion dollars and 75 trillion dollars.
The record companies suing Limewire were asked to estimate the damages that should be paid by the file-sharing service. Their estimate? $400 Billion on the low end, and at the high end — $75 trillion dollars. That’s more than the GDP of the entire world.

These guys must be out of their minds really.

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