How much of a failure was the RIAAs campaign of ridiculous lawsuits of file sharers? How does a measly 2 per cent return on a $US58 million investment sound? That’s good business right there.
According to leaked tax forms from 2006-2008, the RIAA spent a whopping $US58,258,394 on legal fees over the course of those three years, reaping $US1,362,572 from accused pirates in return. Ouch.
But it was all totally worth it, luckily for them, as piracy is now dead and everyone is back to spending $30 for a CD that’s half filler at their local Sanity. Oh wait. [Recording Industry vs. The People via Paste Magazine]