RIAA paid $64m in piracy lawsuits to recover $1.4m

Ray Beckerman, the New York lawyer famous for fighting the recording industry's many lawsuits against what it alleges are illegal downloaders, has exposed what he says is a major financial flaw in the RIAA's business plan. On his blog, Beckerman found that the actual damages paid back were well below the actual legal expenses. Between 2006 and 2008, over $64 million was spent tracking customers but only extracted $1.36 million in successful lawsuits or settlements....

Source : http://www.electronista.com/articles/10/07/14/riaa...