US Recording Industry asks for 1.5 Trillion Dollar Judgement Against Limewire
- June 8th, 2010
- Write comment
Now that judge Kimba Wood has ruled that the popular filesharing software Limewire infringes on copyright, the recording industry lawyers have asked US courts to order LimeWire owner Mark Gorton to pay $1,500,000,000,000 (that’s 1.5 Trillion) for 200,000,000 alleged downloads of the Limewire software as reported by the P2PNet news site (go there and read it, it’s quite informative).
A quick Google search of US GDP shows the US Gross Domestic Product (in current US dollars and not adjusted for inflation) in 2008 as 14.6 Trillion dollars. So Limewire has cost the recording industry 10% of the 2008 US GDP…??!?!? Has the industry even made that much in it’s entire existence?