Limewire is a commercial p2p company that has been battling to try to stay ahead of the despots at the RIAA, and with a recent anouncement it looks like they may have thrown a few "gobstoppers" to the RIAA and its publicity engine.
http://www.p2p-blog.com/item-642.htmlLimewire CEO George Searle announced an ambitious plan to pay rights holders at the P2P Media Summit in Los Angeles last week. His company plans to split the revenue of its upcoming contextual advertising platform with record companies. Labels will get as much as 40 percent of the money Limewire is going to make with Google Adsene-type ads.
Limewire has been working on integrating contextual text ads into its P2P client for a while now. Searle publicly announced these plans late last year at another DCIA conference in Los Angeles, and he used last week's event to reiterate some of his key points: Limewire's 80 million users generate an estimated five billion search requests each month, putting the P2P client in the same league as search engine giants like Google and Yahoo. In fact, Limewire would be the third biggest search destination in terms of unique users, ahead of Live.com and Ask.com, if it was a website.
Whilst the stories all rather forward looking I would be amiss if I let this 80 million user claim stand folks, I cant see how they calculated that figure, perhaps someone could let us know. i love a good fairy story
The proposed model has something in it for everyone it seems, but knowing the recording industries greed we can expect a lot more haggling over the share of the booty folks (revenue in english
).
Lets hope Cary and Mitch make some public statement regarding Limewires plans or perhaps Limewire has truly put a cork in the mouth of the RIAA.
