Creative Copyright Math & The $8 Billion iPod [VIDEO]

“[The first MP3 player] was a big Christmas hit, because what little hoodlum wouldn't want a million and a half bucks-worth of stolen goods in his pocket?”

The RIAA, IFPI, major labels and many others have always thrown around astronomical numbers "proving" the damage that filesharing and unauthorized copying has had on the music, film and other content creation industries. There's no question that its had an affect, but how big is it really? In this TED video, a very funny and factual Rob Reid, who founded the company that created Rhapsody, tries to find the truth: