LimeWire to pay $105 million for illegal file-sharing

Posted on May 13, 2011 by

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The Lime Company, founders of the LimeWire file-sharing program have agreed to pay a settlement of $105 million (£64 million) to 13 record labels for aiding piracy.

The figure, which is substantially less than the $1 billion that the Recording Industry Association of America (RIAA) claimed it was owed, was imposed on the company earlier today by a New York court.

RIAA Chairman and CEO Mitch Bainwol said: “We are pleased to have reached a large monetary settlement following the court’s finding that both LimeWire and its founder Mark Gorton personally liable for copyright infringement.”

“LimeWire wreaked enormous damage on the music community, helping contribute to thousands of lost jobs and fewer opportunities for aspiring artists.”

LimeWire, which was shut down in October 2010, has since been replaced by an unofficial version named FrostWire. The new program has evaded the media spotlight so far despite being nearly identical to its older brother.

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Posted in: Media, Technology