According to an article from P2PNet, lawyers representing the major labels in their fight against filesharing company Limewire are asking for USD $750 per allegedly infringing download. Not much, one might think, until one multiplies $750 by two hundred million, which is the number of copyrighted downloads the labels estimate have taken place. It adds up to a magnificent $1.5 trillion – or (if our calculations are correct) about 58 times what the US record industry’s annual worth. If it wasn’t for the small problem that Limewire certainly doesn’t have $1.5 trillion up its sleeves, this could prove a brilliant new opportunity for the music industry to grow in 2010. More realistically, lawyers for the labels have asked for Limewire’s assets to be frozen.
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