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Limewire owes us $75 trillion, says music industry
http://www.x404.co.uk/forum/viewtopic.php?f=3&t=13147		 Page 1 of 2
Author:  pcernie [ Sat Mar 26, 2011 3:14 pm ]
Post subject:  Limewire owes us $75 trillion, says music industry
The 13 record companies currently suing peer-to-peer filesharing service Limewire have estimated that the company owes them between $400 billion and $75 trillion.

That top amount is comes in at £46,650,361,440,306.00 but hey, it's such an unfathomable amount of money that it barely warrants converting.

We can't help but picture Dr Evil proudly demanding "One hundred billion dollars!" of in order not to blast the world with his "lay-ser" from his "death star" (air quotes).

Absurd

Dr Evil was laughed out of town and so, thankfully, were the record companies – Judge Kimba Wood, who is hearing the case, called the request "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.

The outlandish figure was reached because the record companies want compensation for each time a song was shared and re-shared by Limewire users; Judge Wood has now concluded that Limewire can only be fined a single statutory fee per work infringed.

Via CrunchGear

http://www.techradar.com/news/audio/lim ... try-938344

:lol: :lol: :lol:


Image
Author:  cloaked_wolf [ Sat Mar 26, 2011 3:42 pm ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
:lol: Flippin' retards. I hope those bloodsuckers die a horrible death. :twisted:
Author:  Amnesia10 [ Sat Mar 26, 2011 6:07 pm ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
pcernie wrote:
"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.

It is as a figure on a scale that approaches the entire worlds GDP.
Author:  james016 [ Mon Mar 28, 2011 9:49 am ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
I'd love to see them prove they have lost $75 trillion because of Limewire.
Author:  Amnesia10 [ Mon Mar 28, 2011 10:47 am ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
james016 wrote:
I'd love to see them prove they have lost $75 trillion because of Limewire.

Its the think of a number solution. :lol:
Author:  james016 [ Mon Mar 28, 2011 3:06 pm ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
Amnesia10 wrote:
james016 wrote:
I'd love to see them prove they have lost $75 trillion because of Limewire.

Its the think of a number solution. :lol:


Then triple it and add 9?
Author:  Amnesia10 [ Mon Mar 28, 2011 3:28 pm ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
james016 wrote:
Amnesia10 wrote:
james016 wrote:
I'd love to see them prove they have lost $75 trillion because of Limewire.

Its the think of a number solution. :lol:


Then triple it and add 9 zeros ?

Fixed.
Author:  hifidelity2 [ Mon Mar 28, 2011 6:48 pm ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
So if they are saying that before downloading became main stream they were making that sort of money they were not declairing it - if I was the authorities I would be asking for back taxes on say $50 trillion
Author:  big_D [ Tue Mar 29, 2011 3:43 am ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
The tax would probably bail out the US economy...
Author:  Amnesia10 [ Tue Mar 29, 2011 10:16 am ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
big_D wrote:
The tax would probably bail out the US economy...

It would bail out the world economy. :D
Author:  hifidelity2 [ Tue Mar 29, 2011 12:08 pm ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
Amnesia10 wrote:
big_D wrote:
The tax would probably bail out the US economy...

It would bail out the world economy. :D


And given that this was my idea I think a 1% finders fee is only reasonable :)
Author:  Amnesia10 [ Tue Mar 29, 2011 12:38 pm ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
hifidelity2 wrote:
Amnesia10 wrote:
big_D wrote:
The tax would probably bail out the US economy...

It would bail out the world economy. :D


And given that this was my idea I think a 1% finders fee is only reasonable :)

You do realise that we still have 50% income tax in the UK? ;)
Author:  hifidelity2 [ Tue Mar 29, 2011 1:42 pm ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
hmm lets see

Assuming that as they are American then a billion is a thousand million
Is a Trillion a thousand Billion ?

If so a trillion is 10^12

So 1% is 10^10

So I will have to pay 25 x 10^10 in tax which I think should single handily pay off the national debt and I get left with a mere $25 x 10^10
Author:  Amnesia10 [ Tue Mar 29, 2011 2:35 pm ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
hifidelity2 wrote:
hmm lets see

Assuming that as they are American then a billion is a thousand million
Is a Trillion a thousand Billion ?

If so a trillion is 10^12

So 1% is 10^10

So I will have to pay 25 x 10^10 in tax which I think should single handily pay off the national debt and I get left with a mere $25 x 10^10

Yes but do you honestly think that our politicians will use that windfall wisely? ;)
Author:  hifidelity2 [ Tue Mar 29, 2011 3:10 pm ]
Post subject:  Re: Limewire owes us $75 trillion, says music industry
Who cares I have $25x10^10 under the mattress
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