The music industry wants LimeWire to pay up to $75 trillion in damages after losing a copyright infringement claim. That’s right … $75 trillion. Manhattan federal Judge Kimba Wood has labeled this request “absurd.”
You’re telling me. To put that number into perspective (I bet a lot of you didn’t even know “trillion” was a real number), the U.S. GDP is around 14 trillion – less than one fifth of what the music industry is requesting. Heck, the GDP of the entire world is between 59 and 62 trillion. That’s right, the music industry wants LimeWire to pay more money than exists in the entire world.
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Plaintiffs are suggesting an award that is ‘more money than the entire music recording industry has made since Edison’s invention of the phonograph in 1877.’
Unbelievable! Out of control.