RIAA goes insane - sues AllofMP3 for $1.65 trillion!

Posted on Tuesday, Dec 26 2006 @ 02:28 CET by Thomas De Maesschalck
RIAA, on behalf of EMI, Sony, BMG, Universal Music and Warner Music, sued AllofMP3.com for an insane $1.65 trillion!

RIAA demands $150,000 for each of the 11 million songs that were downloaded from June to October of 2006 through AllofMP3.com's audio store.
For those of you who have been hibernating for the last few months I’ll give you a quick run down on the excitement that AllofMP3.com has had. They are a Russian music website that operates legally in Russia but it is deemed illegal in other countries, such as the United States, because they don’t pay royalties to the artists. The RIAA continues to do everything in their power to shutdown the site but their attempts fail one after another. The United States even went as far as blocking Russia’s entrance into the World Trade Organization (WTO) until they shutdown the site.
$1.65 trillion is more than Russia's GDP, which according to the CIA Factbook was $1.584 trillion in 2005.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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