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ExtraTorrent.cc > Articles > Record Labels Want $1 Billion from LimeWire

Record Labels Want $1 Billion from LimeWire

Record Labels Want $1 Billion from LimeWire

Added: Thursday, March 10th, 2011
Category: Recent Headlines Involving File Sharing > Ridiculous Criminal Trials
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
The forced cessation of functioning was not the only problem for LimeWire file sharing service. More and more legal problems occur to the company. Now its different music labels demand about a billion dollars copyright infringement committed by LimeWire in the past.

One of such cases, in which Warner Bros., Sony, EMI and a few other worldwide music labels sued LimeWire came to an agreement, according to which each of the parties “will bear its own charges of suit, including attorney’s fees”.

This suit began in June 2010, at the time LimeWire was an operating file sharing service and its end seemed to be the finish of juridical problems for the company. However, many of the recording labels still prosecute LimeWire demanding the compensation for copyright infringements the file sharing company committed by unauthorized music files sharing.

The judicial inquiry lasted a few years (started in 2006), and its result was that LimeWire was forced to stop its file sharing activity in October 2010. The injunction stated that LimeWire “intentionally supported copyright infringements” if its users, the company’s software was used “mostly for illegal activity”, while the company itself was “well aware of the committed infringements” of its users.

Soon after the injunction was awarded, different media record companies started bringing an accusation at LimeWire, demanding financial compensation for losses from unauthorized music tracks sharing. The total sum of physical injury that media companies want to receive is about a billion dollars.

In order to get information about how exactly the music record labels build their license agreements with other Internet content sharing services, LimeWire asked for internal emails from Amazon, Yahoo, Apple, Google, etc. Also LimeWire made up an interesting research which shows that the actual profits of numerous music labels were significantly reduced after the company shut down. And on the contrary, when it provided unauthorized file sharing, the profits of record labels were maximal.

The trial is planned on May, during which the damage claim is going to be clearly assessed.

Both parties continue their dispute in the coming weeks and a trial has been scheduled for May, in which the damages claim will be assessed.

As for the LimeWire ex-users, they continue unauthorized file sharing through numerous LimeWire alternatives.

update by taker 15-03-11 Trillions, billions or millions? - LimeWire will have reduced the demand for good
Filesharing Service risked having to pay trillions of dollars. Now it does not look quite as bad off the pirates. One of the most popular file sharing programs that Lime Wire has just won a small victory in the courtroom.

Record companies had originally gone after getting a penalty for every work as an individual file sharers had downloaded via Limewire. Now a federal judge, Kimba Wood, where the Lime Group and agreeing that they can not claim as great a bod.Dommeren, after demands from the American record organization RIAA shut Limewire in October, said that if the record companies should have been compensation for each user file sharing, which would have received more money in compensation than they have earned since Thomas Edison's invention of the phonograph. It would have been absurd, said the judge.

The company behind the file sharing service is still the prospect of having to pay huge damages. Instead of having to pay trillions of dollars are at risk firm billion-dollar damages. Reuters writes that the company stands to pay between 40 million and eight billion dollars.

The amount is based on between $ 750 and $ 150,000 for each of the approximately 10,000 works - made after 1972 - which has been split over Limewire. 1000 also works from before 1972 can provide a form of compensation.

March 10th,2011

Posted by: 

Date:  Thursday, March 10th, 2011

Comments (10) (please add your comment »)

posted by (2011-03-11 04:00:21)
DEMONLORD avatartell them to f off, also look at the stats, music sales down. lol, people want to preview songs before that way dont waste their money on boring shit

posted by (2011-03-11 04:52:26)
greymongel avatarThanx for the articles as always SAM great read........As for the #2 post do u have nothing better to do than waste your time Spewing Hate? ..... Hopefully a ADMIN on here Bans this guy.........Anyhow thanx as always keep up the good work ;>

posted by Sun (2011-03-11 10:20:48)
No avatarGood young (old) internet its been around for 20 years +++ and its still only in the baby stage.
Some programmer will one day make a program that will when downloaded onto a computer will file share with out using torrent websites and then the authorities will have to try to get the individuals if they can.
and they found that too hard so far.
but I am curious how extra-torrent doesn't get done like Lime-wire and other torrents (Sweden), some one care to explain?

posted by Blocked (2011-03-11 21:09:24)
No avatarTrillions, billions or millions? - LimeWire will have reduced the demand for good
Filesharing Service risked having to pay trillions of dollars. Now it does not look quite as bad off the pirates. One of the most popular file sharing programs that Lime Wire has just won a small victory in the courtroom.

for more info check the link below


posted by (2011-03-12 08:06:36)
jsbobby18 avatari agree with demonlord, they want to preview it, plus, blame itunes for the loss in $$, if it wasnt for them, ppl would still be buyin full cds, instead of a track at a time

posted by ET junkieET loverTurtle (2011-03-12 14:28:03)
fusseltier avatarwhere did they come up with that amount?
now if only they could realize that if they had musicians that could actually play their instruments and have some talent, maybe they could make money instead of singling out individuals in the US or UK.
and since the majority of pirated movies and music is made in india, china and the philippines that make them and distribute them to milions of people in those countries,and that the US pirate movies are insignificant when
compared to india, china, and the phillipines. and actuall go into government offices

posted by (2011-03-15 14:32:50)
geology_guy avatarPeople it is time to take a stand! We need to get together, include our family and friends and anyone else wanting to protest the recording companies and REFUSE to buy their music for one year!

posted by (2011-03-17 04:32:18)
Skully_821 avatarThe torrent network has helped me to buy more movies than I ever had before. If I like something that much, I will go and buy it. Without torrents, they wouldn't make a bloody cent out of me. And they all cry wolf over the profits they lose, when they still have money left over to waste on prosecuting illegal file sharers. They want us all to buy their stuff, but how the hell can we when the price of said item would make anyone pass out? They want a billion dollars from LimeWire? We want a billion dollars from all the years your companies have ripped off average people with movies and music. Fair swap.

posted by ET lovermen (2011-03-17 18:04:21)
keith23uk avatarWho the f*** uses Limewire now days anyway??? 100% chance of viruses rofl! Where would Limewire get that amount of money anyhow?

posted by (2011-03-19 07:13:02)
chuckyd964 avatarIf there gonna get Limewire why dont they get frostwire to? they do the same thing, anyway most of the songs or movies you would get off of there would be viruses or songs with people talkin in the background anyway? They got there advertising in they knew what they where doing

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