US Music Industry spend $16 mill on copyright lawyers. Get's $391k back.
16,000,000 spent.
391,000 back.
That's almost 2.5% return on their investment.
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Crap Little Monkey Deathstar, so good they built it twice, Wed 14 Jul 2010, 13:47,
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Couldn't have happened to a better industry sector.
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barryheadwound Mul-ti-pass? Multipass!, Wed 14 Jul 2010, 13:51,
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Awesome!
Hopefully now they will sit down and stfu. Can they afford to continue like that?
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Firkinfedup last shat on your wife's tits at, Wed 14 Jul 2010, 14:13,
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They would argue
that every lawsuit won, would put off 50 people from breaking the law and buy legit. Impossible to measure in reality of course.
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TheSundaeLunch I'm a fucking shrub, alright?, Wed 14 Jul 2010, 15:01,
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0.024% return
2.5% return would imply a profit of 2.5% (I think)
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Griffin Saver Something, something, 2006, something., Wed 14 Jul 2010, 15:19,
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you forgot to muliply by 100 to get a percentage
391000 / 16000000 = $0.024 return on every $1 spent. Which is a 2.4% return on their investment.
100% return means you get back everytihng you spent. 102.4% return is the same as a 2.4% profit.
a 2.4% return is pathetic.
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Crap Little Monkey Deathstar, so good they built it twice, Wed 14 Jul 2010, 15:40,
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It's not a return, it's a loss, shirley?
and it's not an investment it's a cost.
So their legal fees cost £16m, but they only managed to recoup 2.5% of that amount in damages, losing 97.6%.
A lot of the big companies have in house legal teams too, so I imagine some lawyers are in trrrruuuuubbbllle...
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boyo81 was laying down his ordinance on, Wed 14 Jul 2010, 16:06,
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