RIAA worries gone for KATG

[spooky]

randomly ran across this:

P2P insurer will pay your fines if RIAA sues: $19/year!

David sez, "Apparently, a company in Sweden is offering file-sharing insurance - they'll pay your fines if you're sued by the RIAA. The /. submitter translates the link as follows: 'For a mere 140 SEK ($19 USD) per year, they will pay all your fines and give you a t-shirt if you get convicted for file sharing.'"
I have no idea if these insurers can be trusted with $19/year, but it actually sounds like a pretty plausible business model. If you count up all the file-sharers on the net, and divide it by the all the fines and settlements ever paid to the RIAA, my guess is that it's way less than $19/year, which suggests that you could make a buck (or Kronor) at this. Link (Thanks, David!)
Update: Travis sez, "This article estimates the odds of being sued by the RIAA at 1:1840. This works out to a break-even point of $34960 per lawsuit."

[Kippi ben Kippod]

ASCAP and BMI are the ones to worry about...

[JackFetch]

Originally Posted by Kippi ben Kippod

ASCAP and BMI are the ones to worry about...

Yeah, I always wondered how they don't get in trouble for playing the songs during shows. I won't say more since it might call attention to it.

Move along, nothing to see here.

[Paws]

Keep walking....

[DJQuad]

Originally Posted by Kippi ben Kippod

ASCAP and BMI are the ones to worry about...

Yep. ASCAP are the ones that sent me a C&D letter, but that was around '95.

[mali]

Originally Posted by spooky

randomly ran across this:

P2P insurer will pay your fines if RIAA sues: $19/year!

David sez, "Apparently, a company in Sweden is offering file-sharing insurance - they'll pay your fines if you're sued by the RIAA. The /. submitter translates the link as follows: 'For a mere 140 SEK ($19 USD) per year, they will pay all your fines and give you a t-shirt if you get convicted for file sharing.'"
I have no idea if these insurers can be trusted with $19/year, but it actually sounds like a pretty plausible business model. If you count up all the file-sharers on the net, and divide it by the all the fines and settlements ever paid to the RIAA, my guess is that it's way less than $19/year, which suggests that you could make a buck (or Kronor) at this. Link (Thanks, David!)
Update: Travis sez, "This article estimates the odds of being sued by the RIAA at 1:1840. This works out to a break-even point of $34960 per lawsuit."

Soooo when did KATG move to Sweden? Maybe i'm missing something. I know that file sharing isn't illegal in Sweden, but it still is in the US.