LimeWire Required Information From 3rd Parties to Estimate RIAA PayoutAdded: Friday, January 7th, 2011
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
LimeWire recently asked to subpoena internal data from various licensees, including Apple and Amazon, which, the company claims, can indicate the “true value of their works”. Therefore, LimeWire is hoping to determine how much it should actually be forced to reimburse to the industry, refusing to accept the RIAA’s claims.
Getting ready to face a Jury trial to estimate the amount of damages LimeWire owed to the music industry in the long-lasting file-sharing battle, the company is currently trying to understand and prove how much 3rd party licensees really pay the RIAA and how it differs from what it is claimed on paper.
It was back last spring when US District Judge Kimba Wood handed out a ruling saying that LimeWire had committed copyright violation and so on, which resulted in huge financial penalties. The music industry announced it would be entitled to huge damages, amounting to hundreds of millions of dollars, if not billions. The RIAA pointed out that LimeWire was found guilty of the massive infringing conduct, which resulted in substantial losses for the industry.
Meanwhile, LimeWire is making an attempt to get the entertainment industry to prove the level of its actual losses. It is even reported to start asking 3rd party licensees to reveal their internal data proving in writing how much they really pay the music industry. The first target of LimeWire is Amazon.com, and the next one is Apple. The rest of the biggest online music retailers are supposed to join the list.
The attorneys of LimeWire filed a motion to the court asking for documents that can’t be within their possession, as they are purely internal 3rd party licensees communications related to their licensing agreements with the RIAA. The LimeWire lawyers say that the data in question can illuminate the true value of the copyrighted works.
Well, if you think it over, you will probably come to a conclusion that if the RIAA puts the amount in the “billions dollars”, it’s fair enough for LimeWire to demand a full accounting. The actual problem is that it seems like no-one knows for sure the amount of actual damages in this case, as some studies have even proved that file-sharing can increase rather than decrease music purchasing. This means it may appear that it’s the music industry who owes LimeWire money, not the other way around.
January 7th ,2011Posted by:
Friday, January 7th, 2011
|posted by (2011-01-07 21:44:29)|
|"The actual problem is that it seems like no-one knows for sure the amount of actual damages in this case, as some studies have even proved that file-sharing can increase rather than decrease music purchasing. This means it may appear that it’s the music industry who owes LimeWire money, not the other way around."|
That'd be hilarious - a countersuit resulting in the RIAA having to dish out the cash. I wonder how good LimeWire's lawyers are, they made plenty to be able to afford the top dogs.
|The thing that was beyond me was the pie in the sky loss claims made by RIAA and MPAA in the billions; yet they never provided documented proof of this and still the courts allowed it...|
You or I do the very same thing in court the case would be thrown out and the court would them nail us with frivolous law suit and award damages to the defendant..
|posted by (2011-01-08 10:36:43)|
Does anyone knows how to create a new article in ET? Because i have new articles about the PS3 etc..
|thank god there useing there head now we MIGHT see how much bs there spouting on there clames |
theres no way all the money that should go to the ppl gets there the lawers take more then they should
blast the rep on the real scamers RIAA .If 1/2 there numbers were right the muic and move comps would be broke becose of free uploders
|THANKS Limewire, though I doubt they'll let on what it ACTUALLY costs (as in a few cents) to put music on a CD and distribute it!!!! Musicians' royalties are PITIFUL too. |
If it wasn't for the publicity, musicians would avoid record companies like the PLAGUE!
In fact with the Internet, some musicians have COMPLETELY DITCHED the record industry!!!!!!
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