Record labels sue LimeWire for... wait for it... $75 TRILLION.

[Recursion]

Source: http://www.geek.com/articles/news/re...wire-20110323/

Via.

Just staggering how this has even been filed... It's 5x the national debt of the USA!

[Casanova]

It's good to see they have a grip of their projections...

[Conservative,]

Good luck to them. :L

[HotelUser]

The figure's only for an eye grabber but heck, that's still a lot of money!

[Casanova]

Hmm, even so it's just stupendous!? I mean, I understand intellectual property and of course loss of profits etc? but c'mon.

[Recursion]

Put this into perspective.. the world GDP is ~$65 Trillion.

EDIT: Also more money than the music industry has ever made since the phonograph was invented...

http://hothardware.com/News/Record-L...on-in-Damages/

[Casanova]

LMAO!!

Edited by Dinasaw (Forum Super Moderator): Please do not post pointlessly.

[GommeInc]

I assume this isn't real as it's stupid to make "projections" and even worse to assume a company can make this money, especially when most of this money wouldn't go to the musicians. The music industry needs a good kick into the 21st Century

[Wig44.]

Do they honestly think that the profits limewire cost them - plus compensation - is anywhere near $75 trillion? If they did somehow project this and it isn't just another scare tactic it atleast underlines how wrong most projections made by suitors are.

[Niall!]

I lol'd

I don't get how companies can sue over this ****. A downloaded copy does not mean a lost sale.