Remember LimeWire, the P2P download service that was shut down last year because it “intentionally encouraged infringement?” The RIAA (Recording Industry Association of America) sued them for billions but ended up settling out of court for $105 million, sum supposed to compensate the music industry for damages suffered.
So far things seem fair enough, right? Wrong, because not a single cent of the recouped money will ever reach artists. The money will most likely be reinvested in new anti-piracy efforts – meaning the RIAA keeps all of it.
“The resolution of this case is another milestone in the continuing evolution of online music to a legitimate marketplace that appropriately rewards creators,” RIAA Chairman Mitch Bainwol said in a comment.
What a bunch of moronic hypocrites these guys are.
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