5 replies to this topic

[Lion7718]

LimeWire Pays RIAA $105 Million, Artists Get Nothing
Source: TorrentFreak

In the midst of their jury trial, the company behind the defunct LimeWire client and the RIAA settled their dispute out of court. Limewire will pay $105 million to compensate the major music labels for damages suffered. A moment of justice for the music industry, but not necessarily for the artists. The recouped money is destined for reinvestment in new anti-piracy efforts and will not be used to compensate any artists.

According to the injunction that shut down LimeWire last year, the company “intentionally encouraged infringement,” its software was used “overwhelmingly for infringement” and the company knew about the “substantial infringement being committed” by LimeWire users.

The evidence further showed that LimeWire marketed its application to Napster users and that its business model depended on mass copyright infringements.

Following the injunction LimeWire immediately disabled its file-sharing client, but the trouble for the company was far from over. Record labels and music publishers kept chasing LimeWire demanding compensation for the losses they claim the file-sharing service operator had caused.

The labels calculated that the company behind the popular file-sharing client owed them up to a billion dollars, and they filed a claim to collect it.

Full Story

[Project-Buckfast]

LimeWire reaches an out of court settlement with music labels for $105 million.

The Lime Group, developers of the popular file-sharing client LimeWire, today agreed to pay a $105 million (£64.6 million) settlement to 13 music firms. The figure is a fraction of the billion dollar amount that the Recording Industry Association of America (RIAA) claimed it was owed.

Following todays ruling RIAA chairman Mitch Bainwol said "This hard fought victory is reason for celebration by the entire music community, its fans and the legal services that play by the rules."

The lengthy legal battle between LimeWire and the music industry first surfaced in 2006. In May 2010 a court ruled that LimeWire founder, Mark Gorton, was guilty of copyright infringement and aided others to do the same.

In October 2010 another court case forced LimeWire to shut down permanently. Soon after a Pirate Edition of the software emerged and allowed users to download and upload as normal.

The settlement isn't far off an similar case against file-sharing software Kazaa in 2006 which concluded at $115 million.

So long LimeWire, it was a fun run!

[miss_silver]

Fuck, if I were an artist, I would want the head of the RIAA on a PIKE!

Fuckshitstain on a stick!

sorry for the rude language but why is the RIAA allowed to continue when they are raping the artists?

At least, I hope they had the decency to send them some lube when they announced that all the funds were to go back into anti piracy measures to RAPE more people!!!

Yeah, me mad.

[Lion7718]

I agree..all the started because the RIAA wanted to get money for the Artists..new laws were passed to sue the shit out of the consumer..only give nothing back to the Artists.
I really hope that the Artists who agreed to this shit stand up & take note that the RIAA & Record Labels are out for no one but themselves.

[Project-Buckfast]

Typical of the RIAA really.

The $105 million will keep them celebrating the result for a while...

Interesting figure they agreed upon considering they got $115 million off Kazaa 5 years ago.

[rastaX]

Mick knows..........