Limewire Settles With RIAA For $105 Million


DamnAnthony / May 19, 2011

(via BallerStatus)

Limewire is completely lost at the hands of the RIAA (Recording Industry Association of America) last week, when they agreed to a nine-digit payout to major record labels.

The now-defunct peer-to-peer client agreed, last week, to pay $105M to the major record labels as part of a settlement between both parties — the labels being represented by the copyright watchdog. They paid for 9,715 pirated tracks. However, some say they got away easy — a jury could’ve awarded labels as much as $1.4 billion.

For the rest, visit BallerStatus.