196
Spotify and the three main major record labels sue Anna's Archive for $13trillion for "brazen theft of millions of files containing nearly all of the world’s commercial sound recordings" (www.nme.com)
submitted 9 months ago by to c/DeclineIntoCensorship@lemmy.dbzer0.com
46 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 70 points 9 months ago (5 children)

In 2025, the world's gross domestic product amounted to approximately 117.2 trillion U.S. dollars, compared with 111.1 trillion in 2024.

So they're suing for roughly 10% of the world's GDP if the site I linked is to be believed. That's gotta be a joke, right?

  • permalink
  • fedilink
  • source
  • hideshow 5 child comments
    •
  • [–] 43 points 9 months ago (2 children)

    No, and it isn't the first time the industry did this, by far: https://www.businessinsider.com/riaa-claims-limewire-owes-trillions-2012-5

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 11 points 9 months ago (1 child)

    There are statutory damages of $750 to $30,000 per work assigned to copyright infringement. Under certain circumstances, the courts may lower this amount to $200 per work, or increase it to $150,000.

    Plaintiffs multiplied the number of works Anna's Archive has claimed to have acquired times $150,000 to come up with their number.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 3 points 9 months ago

    I see, that makes a bit more sense. I guess it's kind of the same as asking the highest price you think you can get when putting something up for auction? Cause I refuse to believe there is anyone who thinks that 10% of global GDP is a realistic figure lmao

  • permalink
  • fedilink
  • source
  • parent