Los Angeles, CA - The RIAA announced that they would begin a strategy
of profits by lawsuit, which should keep them a viable business indefinitely.
really a bold new idea that really gets back to the roots of the
RIAA," said new RIAA Chairman and CEO Mitch Bainwol. "We'll
no longer be worried about distributing music. The file sharers will
do that for us, but now we'll just make our money from suing them
and that's really what we're all about."
According to a report by The
Inquirer it will take the RIAA over 2,000 years to sue every
file sharer, which confirms the long-term viability of the business
"We agree that digital music distribution is the direction
everything is heading, but it's not profitable to do that at $1 per
song. We'd much rather receive $150,000 per song from suing file
sharers. That's where the real profit is found."
The RIAA's new strategy even includes removing all copy protection
schemes from new music CDs, and providing file sharing software and
pre-ripped songs with new releases. Limited production runs of popular
tunes will also increase the need for illegal file sharing and boost
the number of possible defendants.
The RIAA could run into trouble with the plan as it is rumored that
the SCO Group has already patented the business model of suing customers
to stay afloat.
The new plan has been endorsed by the American Bar Association.
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