Friday, May 13, 2011

Limewire Pays $105m Settlement

File-sharing program firm Limewire has reached an out of justice agreement with record labels that sued it for assisting people bandit music.

The Lime Group, that created the Limewire system, has concluded to pay $105m (64.6m) to 13 song firms.

The figure is far reduction than the billion dollar bill for indemnification that the Recording Industry Association of America (RIAA) claimed it was owed.

The enlarged authorised free-for-all has led to Limewire being close down.

Mitch Bainwol, chairperson of the RIAA - that represents record labels - mentioned the organization was gratified with the result.

"This hard fought feat is reason for commemoration by the whole song community, its fans and the authorised services that fool around by the rules," mentioned Mr Bainwol in a statement.

Limewire was a program that used peer-to-peer technology to help people find media on other computers and let others see their libraries of files.

The RIAA initial took authorised action against Limewire in 2006 before long after final a $115m agreement with peer-to-peer program creator Kazaa.

In May 2010, the panel of judges overseeing the box ruled that Limewire and its creator Mark Gorton had infringed

No comments:

Post a Comment