Limewire And Record Companies Make Nice

The former file-sharing service LimeWire and 13 record companies have reached a settlement ending a federal trial. 

LimeWire has agreed to compensate the record companies by paying them 105-million dollars to end the lawsuit over copyright infringement damages.  U.S. District Judge Kimba Wood in Manhattan ruled last May on the mass piracy issue and later shut down the service.  Among the record labels are Capitol, Motown and Warner Brothers.  Record Industry Association of America Chief Executive Mitch Bainwol is hailing the settlement.  He calls it a victory for music providers that “play by the rules.”

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