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Lime Wire owes the labels $105 million for infringement
Last October the music-sharing platform had an injunction entered against it in federal court, in a case brought by the RIAA (Recording Industry Association of America). Then came a jury trial to determine damages, but “the settlement puts an end to those deliberations", says The Hollywood Reporter. The RIAA’s Mitch Bainwol calls the deal just approved by Judge Kimba Wood “another milestone in the continuing evolution of online music to a legitimate marketplace that appropriately rewards creators.” On the Lime Wire side, its attorney observes that “the plaintiffs have pressed for a $75 trillion verdict. The court labeled that claim ‘absurd.’ Plaintiffs then claimed that they suffered $40-50 billion of damages and that Lime Wire was responsible for it all. At other times, they have claimed that the damages exceeded $1.4 billion.” The Hollywood Reporter says Lime Wire has settled with music publishers for $11 million – but still faces “other legal action.”
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Making Moves: Thursday, April 26, 2012























