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by faeranne
549 days ago
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The sought damages is $621 Million. Internet Archive reported having about $7 Million in assets and $30 Million in revenue (for those who accidentally read over that, revenue is before factoring in costs, which for IA budgets around $37 Million annually as well.) (EDIT: in 2022. I've been rewriting this a few times and forgot to re-add that part in the final comment) If the suit is found in favor of UGM and enforced at full effect (not impossible, but Hachette v. Internet Archive was not either), then IA will be on the hook for the full $621 Million. You can guess how that ends. But even if they don't enforce at full effect (and given Web Archive has been successfully used to provide evidence against UMG and Sony multiple times now, they have a pretty strong incentive to get it burned down), a sizable portion of the 400,000 recordings are from disks that quite literally broke down after capture. Those disks are the last copies of those recordings. Ever. Should UMG and Sony succeed, it is a very safe assumption, given they already confirmed they don't have those recordings (and based on that, don't want them), that those recordings immediately become lost media. |
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We need a backup of the backup, because so much of what they've got is irreplaceable.