As I understand it, “statutory damages” = all value considerations aside the wrongdoing is considered to be “worth” that much both as a deterrent, and to simplify hard to assess actual damage.
While the amounts involved seem massively excessive the concept seems sound to me in a general sense. If you stole a bottle of whisky and get convicted do you end up paying more than the bottle cost the retailer to buy? I think so, and that seems fair enough. I am not a lawyer
