Thursday, January 4, 2007

RIAA says 70 cents is about right

[Image: RIAA toilet paper]Ars technica says the RIAA has admitted that 70 cents is in the range of how much they make per song. Meanwhile, they are going after allofmp3 with full vengeance. Allofmp3 is being sued for $150,000 per song, totaling $1.65 trillion.

If the RIAA were to get that (ignoring legal fees), that would be a profit of $149999.30 per song. By millions of songs that is feeding that company too much. I want to see the RIAA strictly limited to what they lose (under a dollar).

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