A 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?