Your Phone, Tablet or iPod May Be Worth $8 Billion in Pirated Content
According to the RIAA and the MPAA, if you have music, videos and/or movies on your phone, tablet, or iPod, it could contain $8 Billion dollars’ worth of intellectual property. That number is derived from their claim that piracy is costing $58 Billion in lost annual income. I can’t even begin to explain how ridiculous of an assertion this is. So I won’t. I will let Rob Reid, founder of Rapsody, explain how absurd the RIAA’s and MPAA’s claims are regarding piracy hurting the U.S. economy. It is a great video and it is well worth 6 minutes of your time.