Tuesday, January 02, 2007

 

$1.65 trillion is a lot of music downloads

AllofMP3A group of major record labels filed suit just before Christmas against Russian music down loading site, AllofMP3, reportedly asking for 1.65 trillion dollars in damages, $150,000 for each of the 11 million songs that have been downloaded from the site without compensation to the rights holder.

Let's put a little perspective on that amount of money. If you put $1.65 trillion in to a bank certificate and get, say 4% interest, you earn almost $200 million per day in interest. It is $125,000 per minute in interest.

It should be enough to grab someone's attention, at least for a few minutes. Recall that Danish courts ordered an ISP to block the website back in October. We'll watch this file - at $2,000 per second, are you interested?

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Posted by Mark Goldberg @ 1/02/2007 01:33:00 PM
Comments:
have u tried http://justmusicstore.com? -u can get a lot of music there . much more then on allofmp3.com
Posted by Blogger justmusicstore.com : 4:11 PM, May 14, 2007
 
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