Music Gear News

At Gear4music.com we update our news channel daily to ensure you always get the latest and most important music news.

LimeWire has agreed to pay $105 million to record labels

LimeWire has agreed to pay $105 million to record companies for allowing people to illegally share music.
Great deals on musical instruments

File sharing website LimeWire has agreed to pay $105 million (£64 million) to record labels in an out of court settlement after a long historic battle finally came to an end.

The owners of the now defunct music software, film and media sharing website, will pay 13 companies this large financial bill for allowing people to illegally share music.

Mark Gorton, the website's creator, finally reached an agreement with the Recording Industry Association of America (RIAA). The courts had viewed Mr Gorto as having "infringed copyright and aided others in downloading pirated music".

Mitch Bainwol, chairman of the RIAA, said: "As the court heard during the last two weeks, LimeWire wreaked enormous damage on the music community, helping contribute to thousands of lost jobs and fewer opportunities for aspiring artists."

According to CNET News, over a ten-year period, LimeWire helped "facilitate the mass piracy" of billions of songs.

What now remains to be seen is how much of that settlement figure filters down to the musicians whose creative endeavours are at the centre of this story, with many hoping they are suitably remunerated.

In other news, the British Recorded Music Industry (BPI) revealed that digital music sales in the UK had passed the £1 billion mark, seven years after digital downloading officially launched.

Save Money On Studio Equipment NowADNFCR-2133-ID-800533495-ADNFCR

Posted on 14 May 2011 16:33 to category : Music News

Related Music News

thumbnail

Delivered by Choreographer and Theater Director Arlene Phillips, The Bacc For the Future campaign has acquired support of over 100 hundred influential figures

28 Mar 2017 12:28
thumbnail

On the 22nd of April, Pink Floyd will be releasing an unheard version of the iconic classic 'Interstellar Overdrive' in celebration of world record day

23 Mar 2017 15:29
thumbnail

With an increased quality of specifications right across the board, Apple's eponymous 'iPad' will host a whole generous selection of great new features.

22 Mar 2017 15:09
thumbnail

Supported by the likes of Ed Sheeran, Royal Blood, Wolf Alice and many more, Fanfair Alliances new educational guide is available for free download online.

21 Mar 2017 15:25
thumbnail

Aiming to provide equal educational opportunities for children across the U.K, NYMAZ outline the importance of technology in today's learning environment.

10 Mar 2017 12:22
thumbnail

Suffering from a shortage of funds in recent years, the Welsh educational system has experienced a slump in students who are expressing interest in music.

14 Feb 2017 13:19

Recent Music News

thumbnail

A reinterpretation of its predecessor, the Moog Subsequent 37 CV Analog Synth builds upon a cumulative effort between Moog and the very people who play them.

18 May 2017 16:00
thumbnail

With the advent of various new files formats and the cancelling of several licensing programs, the MP3 is speculated to soon become a thing of the past.

17 May 2017 12:40
thumbnail

Renowned for their legacy of revolutionary amplifiers and guitar pedals, Gurus have fast established themselves as a leading voice in the guitar industry

15 May 2017 17:04
thumbnail

Control the harmonic content and output of your tone in one fell swoop. Designed for all things gritty and tenacious, Earthquaker's Erupter puts fuzz back on the map.

10 May 2017 16:55
thumbnail

JBL Professional has launched a competition that gives aspiring musician the opportunity to record in a professional facility with renowned producer Steve Levine.

8 May 2017 14:48
thumbnail

One of contemporary jazz's most revered figures, the legendary Django Reindhardt's Levin Deluxe archtop Guitar is to go on auction at the end of the month.

8 May 2017 12:13