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> “These illicit sites are among the culprits behind the music industry’s more than 50 percent decline in revenues during the last decade, resulting in 15,000
by engtech 14y ago
> “These illicit sites are among the culprits behind the music industry’s more than 50 percent decline in revenues during the last decade, resulting in 15,000 layoffs and fewer resources to invest in new bands,” wrote RIAA CEO Cary Sherman in a New York Times piece last year.
If we assume that the average salary of the 15,000 laid off employees was $67k-100k, so that means they saved $1-1.5 billion a year with these lay-offs?
- tokenizer 14y agoIf it's true, it's still only a fraction of what they'e claiming they're losing in 'potential' revenue.
- unimpressive 14y agoWhich is apparently more wealth than the entire output of humanity.[0] [0]: http://www.pcworld.com/article/223431/riaa_thinks_limewire_owes_75_trillion_in_damages.html http://www.pcworld.com/article/223431/riaa_thinks_limewire_o...
- danielweber 14y agoThose are statutory damages, not actual damages.
- unimpressive 14y agoNote that the grandparent used the word "Claiming".