Showing posts with label LimeWire. Show all posts
Showing posts with label LimeWire. Show all posts

Monday, May 16, 2011

LimeWire to pay $105 million to record labels

Ex-peer-to-peer music sharing site LimeWire has agreed to pay $105 million in damages to record companies.

The long-running case has been in the courts for over a year as the Recording Industry Association of America (RIAA), a group that represents 13 labels including Warner and Sony music, sued the service for breaching copyright.

At one point, the RIAA estimated that it was owed $75 trillion dollars, equating to compensation for each time a song was shared and re-shared over LimeWire.