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WinMX World :: Forum  |  Discussion  |  WinMx World News  |  Limewire pays $105m settlement to music firms
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Author Topic: Limewire pays $105m settlement to music firms  (Read 828 times)

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Offline DaBees-Knees

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Limewire pays $105m settlement to music firms
« on: May 15, 2011, 11:48:34 am »
http://www.bbc.co.uk/news/technology-13388839

Quote
File-sharing software company Limewire has reached an out of court settlement with record labels that sued it for helping people pirate music.

The Lime Group, which developed the Limewire system, has agreed to pay $105m (£64.6m) to 13 music firms. The figure is far less than the billion dollar bill for damages that the Recording Industry Association of America (RIAA) claimed it was owed.

The prolonged legal fight has led to Limewire being shut down. An official updated version of the program has been distributed that stops people using Limewire to swap files in this way.

However, a pirate edition has been produced that leaves those services intact.

I have no doubt that the RIAA will start chasing the new version now.  :gum:

Offline GhostShip

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Re: Limewire pays $105m settlement to music firms
« Reply #1 on: May 23, 2011, 02:26:23 pm »
Another aspect of news on this topic :

http://www.zeropaid.com/news/93497/record-labels-claim-artists-will-get-cut-of-limewire-settlement/

Quote
Three of the four major labels said some of the $105 million settlement will be shared with artists, but after the RIAA deducts the cost of 5 years of litigation artists are likely to see little, if any of that money.
Almost immediately after last week's announcement by the RIAA and LimeWire that the two had agreed to an out-of-court $105 million settlement to finally bring to the copyright infringement case, questions arose about how the money would be divvied up.

The RIAA’s Senior Vice President of Communications , Jonathan Lamy stated “The record companies have historically shared large litigation recoveries such as the KaZaa settlement with their artists.”
Bob Donnelly, a longtime lawyer for artists told the NY Times that he doesn’t “remember any of my artist's accountants ever saying, ‘Hey, guess what, we got a great bonus this month’.”

In fact, three years ago artists were still looking for a cut from settlement money seven years after the Napster case was settled, and two years after KaZaA

Why does this not surprise anyone  :lol: :lol:

I think we are all able to see why many of the world richest folks are record company executives who can charm politicians with glamour and glitz but most certainly never make much effort to deliver any sort of professional remuneration service to the artists under their corporate umbrella, sure they are great at collecting artists money but folks should never assume the artists ever see all of their share unless they got good lawyers and a double insulated contract.

WinMX World :: Forum  |  Discussion  |  WinMx World News  |  Limewire pays $105m settlement to music firms
 

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