News Section Logo NEWS - Return to news section


Music Industry Wants LimeWire To Pay $75 Trillion In Damages

Posted by: , 17:16 AEDT, Thu March 24, 2011

Permanent Link     Add Comments
submit to reddit
U.S. Judge calls record companies' damages claim "absurd", as total amount of damages may exceed total global GDP

A New York judge has called the music industry's valuation of the amount of damages LimeWire is liable for "absurd".

The music industry is seeking statutory damages against LimeWire after the music sharing website lost the lawsuit last year, with the case now going into the damages phase. 

The record companies involved in the law suit wants to put the damages at $150,000 per infringement, and the number of infringements at 100,000.

However, U.S. Federal District Court Judge Kimba Wood said that this valuation was untenable, as LimeWire has a user base of up to 50 million users per month, and this would mean the total amount of damages could be as high as $75 trillion, more than the GDP of the entire world. Even taking the lowest amount that can be awarded for statutory damages in case like this, the total amount of damages could still be as high as $400 billion.

In appears Judge Wood will now not allow the record companies to claim "multiple awards per work based on the number of direct infringers".

Do you think the music industry exaggerates the actual effect of piracy? Post your opinion in this news article's comments section, or in this forum thread:


Related News:

News Icon LimeWire Settles With Publishers, Still Faces Another $1b In Damages

posted by: Sean F, 17:41 AEDT, Wed March 9, 2011

News Icon isoHunt Sued Again, This Time By The Record Companies

posted by: Sean F, 17:27 AEDT, Tue February 15, 2011

News Icon Entertainment Industry Should Compete With Torrents

posted by: Sean F, 17:10 AEDT, Mon March 21, 2011

News Icon US: Nearly 100,000 Sued Via Mass Copyright Lawsuits In Last 12 Month

posted by: Sean F, 13:19 AEDT, Tue February 1, 2011

News Icon Music Industry Expert Hopes P2P News Site Gets Banned

posted by: Sean F, 14:29 AEDT, Thu March 24, 2011