Getting your player ready...
NEW YORK — File-sharing software company LimeWire has lost a long-running court battle to the major recording companies. A U.S. District Court judge ruled this week that the company and chairman Mark Gorton are liable for inducing copyright infringement.
The decision in the case, which began in 2006, doesn’t mean the site will shut down right away. Record labels and LimeWire are to meet with Judge Kimba Wood on June 1 to determine a possible joint deal, such as Napster’s rebirth and acquisition by Best Buy with licensing deals, and a potential award for damages.
The Recording Industry Association of America said more than 200 million copies of LimeWire’s file-sharing software have been downloaded so far.
The Associated Press
