a) "and thus" is a deduction that you form yourself. At no point did the plaintiffs assert this to be their figure for the financial damages resulting from the defendant's actions. If you can find such a statement in the transcripts, please produce it.
b) Even assuming the plaintiffs had made a statement of fact regarding the financial damages wrought by the defendant's unauthorized reproduction of the copyrighted material, there is the significant unknown of the financial damages wrought by the defendant's unauthorized distribution of the material. You conveniently assume that by not providing evidence as to the size of this figure, the plaintiffs, defendants and jury have valued it at zero. This is of course completely wrong.
c) Since the financial damages wrought by the defendant's behaviour is the sum of the financial damages wrought by each individual infraction, and the damage of one of those infractions hasn't been determined by either the plaintiffs or the defendants, and moreover, the jury hasn't provided us with the formula they used to arrive to their value of the damages, we have no way of knowing the punitive/compensatory ratio, and your argument breaks down.
To look at it somewhat differently, supposing the plaintiffs had only filed suit for unauthorized distribution. What happens to your argument then? Answer: depending on how dim-witted you are, you'll either argue that the ratio is infinite or (more sensibly) you'll acknowledge that the ratio is indeterminate, whence one can't draw any conclusions as to its constitutionality.
> Are you arguing there is no punitive element at all to the statutory damages?
Of course not. It is right and proper that there is a punitive element to the statutory damages, simply to deter further unauthorized distribution. All I'm saying is that you're not in a position to say that this quantity is (total damages awarded) - $1.