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About This Quote

This quote by comic author Rob Reid is from Reid’s 2012 TED Talk about the quantifiable effects of illegal media downloads on the media industries. The tongue-in-cheek quote means that kids who owned the first MP3 players were able to carry around $1.5 million worth of stolen goods on their devices. This figure comes from the Copyright Damages Improvement Act, which quantifies that each illegally downloaded song costs media companies $150,000. The first MP3 player, explains Reid, could hold ten songs.

Watch the full TED Talk here: Rob Reid – The $8 Billion iPod

Source

“The $8 Billion iPod.” TED2012. Mar. 2012. Conference Presentation.

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