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RIAA Receives $105M from Limewire Dispute, None for Artists

Category: Internet, Copyright Infringers
Posted: May 16, 2011 03:07PM
Author: IVIYTH0S

The RIAA and Limewire have made a large compensation settlement of $105M for all the money Limewire's presence cost the record industry. The money, RIAA claims, is to promote a stronger anti-piracy force and will not be given to any artists affected by the large P2P organization. Limewire had targeted the users of the original Napster and built its business around their needs. After the injunction with Limewire was filed, they immediately took down all of their clients but record labels and music publishers seeked to recuperate all of the money that Limewire had cost them. During last week's trial at New York's federal court, the RIAA supplied the jury with 9,715 tracks of evidence against Limewire and agreed on the $105M settlement. RIAA accepted the per track value of $10,808 instead of $150,000 per song that the jury could have awarded. Though the RIAA mentioned many artists in their defense court, all of the money is to be "...reinvested into our ongoing education and anti-piracy programs", says RIAA spokesman Jonathan Lamy.



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ccokeman on May 14, 2011 05:38PM
And all this was supposed to be about the artists. But it looks like the big bad RIAA took it all for themselves. What a shame. The wheels have been churning to pay all the lawyers not the artists. So they have been robbed again.
malmsteenisgod on May 16, 2011 04:21PM
This is the same case that the RIAA tried suing for $75 trillion?
spectrascope on May 16, 2011 07:06PM
I think so, The RIAA has never been about the artist you, you want to support the artist write them a letter, mail them $20, go to concerts and use Pandora and youtube, and other free services.
slick2500 on May 17, 2011 03:27PM
Um what? This is why the RIAA needs to be closed down, they steal more money from the Artists than anyone ever will downloading songs off the internet.

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