Leaked tax forms show the RIAA spent $58 million in legal fees to collect $1.36 million from illegal file sharers
Posted by
stewie (aka whysoserious)
Jul 14 '10, 16:25
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How much of a failure was the RIAAs campaign of ridiculous lawsuits of file sharers? How does a measly 2% return on a $58 million investment sound? That's good business right there.
According to leaked tax forms from 2006-2008, the RIAA spent a whopping $58,258,394 on legal fees over the course of those three years, reaping $1,362,572 from accused pirates in return. Ouch.
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