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Friday, 13 May 2011 - Lime Wire to pay record labels $105 million, ends suit |
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    Edition: U.S. Article Comments (4) Follow Reuters Facebook Twitter RSS YouTube Read Actress Marlee Matlin hit with tax bill, sells home 12 May 2011 Special report: The bin Laden kill plan | 12 May 2011 Special report: The bin Laden kill plan | 12 May 2011 Cisco braces for biggest layoffs in its history 12 May 2011 German court convicts then frees Nazi guard Demjanjuk | 12 May 2011 Discussed 148 Obama at U.S. base to pay tribute to bin Laden mission 115 Son says bin Laden sea burial demeans family: report 59 Muslim scholars pulled from Delta plane in Memphis Watched Russia 'shot down Georgia' drone Mon, Apr 21 2008 Progress made on debt ceiling: WH 3:23am EDT Hunt for bin Laden; in 60 seconds Thu, May 12 2011 Lime Wire to pay record labels $105 million, ends suit Tweet Share this By Jonathan Stempel NEW YORK (Reuters) - The operators of LimeWire agreed to pay record companies $105 million, ending a federal trial over copyright infringement damages owed by the once popular but now defunct file-sharing service. The settlement... Email Print Related News Rajaratnam convicted on all insider trading charges Wed, May 11 2011 Blavatnik's Access wins Warner Music for $3.3 billion Fri, May 6 2011 U.S. narrows case versus accused Ponzi schemer Stanford Thu, May 5 2011 Lawyer for money manager Ken Starr pleads guilty Mon, May 2 2011 Warner Music $3 billion buyout could be done this week: source Sun, May 1 2011 Analysis & Opinion Wanna direct Cars 2? There’s an app for that. Raj appeal could give wiretaps needed airing Related Topics Technology Home » Media » Stocks     By Jonathan Stempel NEW YORK | Thu May 12, 2011 7:32pm EDT NEW YORK (Reuters) - The operators of LimeWire agreed to pay record companies $105 million, ending a federal trial over copyright infringement damages owed by the once popular but now defunct file-sharing service. The settlement with 13 record companies, including labels owned by Sony Corp, Vivendi SA, Warner Music Group Corp and Citigroup Inc's EMI Group, followed mediation, and ends nearly five years of litigation. U.S. District Judge Kimba Wood in Manhattan had ruled last May that LimeWire's parents, Lime Group and Lime Wire LLC, wrongfully assisted users in pirating digital recordings. She shut down LimeWire in October, leaving open the question of damages that could have exceeded $1 billion on roughly 10,000 recordings released since 1972. A jury trial over that issue had begun last week. "Lime Wire and its founder, Mark Gorton, are pleased that this case has concluded," according to their law firm Willkie, Farr & Gallagher, which announced the settlement. The record labels include Arista, Atlantic, BMG Music, Capitol, Elektra, Interscope, Laface, Motown, Priority, Sony BMG, UMG, Virgin and Warner Brothers. "We are pleased to have reached a large monetary settlement," RIAA Chief Executive Mitch Bainwol said in a statement. He called the accord a victory for music providers that "play by the rules." Founded in 2000, LimeWire has been a thorn for record companies because millions of fans used it as an easy means to find and download music for free. Its owners have said the service once had more than 50 million monthly users. LimeWire shut down five years after the U.S. Supreme Court, in a 2005 case involving file-sharing service Grokster Ltd, said companies could be sued for copyright infringement if they distributed services designed to be used for that purpose, even if the devices could also be used lawfully. Warner Chief Executive Edgar Bronfman testified Wednesday at the trial that he was frustrated that LimeWire did not shut down or convert to a "legal service" after the Grokster ruling. "It's devastating, frankly." In March, Lime Group settled a separate copyright lawsuit by more than 30 music publishers. Terms were not disclosed. [nN08178050] Record companies own copyrights to recordings while publishers can own copyrights to the songs themselves. The case is Arista Records LLC et al v Lime Group et al, U.S. District Court, Southern District of New York, No. 06-05936. (Reporting by Jonathan Stempel in New York; Editing by Gary Hill) Technology Home Media Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (4) jscott418 wrote: Lot’s of Limewire users I think felt they were simply younger people who were too cheap to do the right thing and buy their music. I know of lot’s of people even older adults who downloaded illegal songs from places like Limewire. You can hate recored companies all you want. But this also hurts artists as well as song writers. Maybe if some of these people experienced working for free because their boss thought it was OK would better understand the issue. But you will never stop someone from trying to get something for free. May 12, 2011 7:52pm EDT  --  Report as abuse jscott418 wrote: Lot’s of Limewire users I think felt they were simply younger people who were too cheap to do the right thing and buy their music. I know of lot’s of people even older adults who downloaded illegal songs from places like Limewire. You can hate recored companies all you want. But this also hurts artists as well as song writers. Maybe if some of these people experienced working for free because their boss thought it was OK would better understand the issue. But you will never stop someone from trying to get something for free. May 12, 2011 7:52pm EDT  --  Report as abuse zagwee wrote: Wow thats messed up dude, screw the labels, long live the torrent sites! Boo yah! www.anon-web.es.tc May 12, 2011 8:26pm EDT  --  Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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