Sony Exec Admits RIAA Lawsuits Are A Money Pit[->] 2007-10-03 09:16 Billosaur
Billosaur writes "Interesting testimony came out of the first RIAA lawsuit to go to trial in Duluth, Minnesota (Capitol Records v. Jammie Thomas). Under cross-examination yesterday, Jennifer Pariser, the head of litigation for Sony BMG, admitted that the RIAA's lawsuit campaign is a gigantic net loss for the music industry. The admission occurred during questioning regarding the damages Sony BMG was seeking against the defendant; as with all these suits, the RIAA is seeking punitive damages only, but Pariser could not in fact come up with a figure as to how much was actually being lost to downloading in this case or any other. Further, she did not know how many people were alleged to have downloaded music from the defendant. She was rather vague on the number of lawsuits that had actually been filed, but did admit that the record comapnies have spent millions on them and have recouped very little."
http://arstechnica.com/news.ars/post/20071002-music-industry-exec-p2p-litigation-is-a-money-pit.html
http://arstechnica.com/news.ars/post/20071002-music-industry-exec-p2p-litigation-is-a-money-pit.html
