LimeWire get $105 million bill from record labels

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limewire-thumb.jpgThe long-running court case between P2P file-sharing service LimeWire and a handful of record labels has concluded, resulting in a bill of $105 million worth of damages to be paid by LimeWire.

The Recording Industry Association of America (RIAA), representing 13 labels that include Warner and Sony, have spent the last year in court against LimeWire, suing for breaching copyright.

With the court ruling in the RIAA’s favour, CEO Mitch Bainwol shared his pleasure by saying:

“We are pleased to have reached a large monetary settlement. Designing and operating services to profit from the theft of the world’s greatest music comes with a stiff price.

“The resolution of this case is another milestone in the continuing evolution of online music to a legitimate marketplace that appropriately rewards creators.”

Surprisingly, LimeWire founder Mark Gorton seemed equally happy to put the whole case behind him, despite losing. A statement from his law firm reads, “Lime Wire and its founder, Mark Gorton, are pleased that this case has concluded.”

In some senses, you can’t blame him; at one point LimeWire was accused of owing $75 trillion worth of damages. $105 million must feel like pocket money in comparison.

Via: Reuters

Gerald Lynch

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