Slashdot Mirror

← Back to Stories (view on slashdot.org)

LimeWire Settles For $105 Million

Posted by Soulskill on from the pocket-change dept.

eldavojohn writes "LimeWire has settled its suit with the RIAA for $105 million. It's several orders of magnitude lower than the $1.5 trillion initially demanded by the RIAA, but it ends a nearly five-year legal battle. P2P networks take heed; the monster may start looking for other targets."

1 of 167 comments (clear)

  1. Question/Opinion I have about song value by Huntr · · Score: 5, Interesting
    According to TFA:

    Having facilitated the mass piracy of billions of songs

    So, the RIAA settled for $105 million after determining that Limewire helped people pirate "billions" of songs. Shouldn't that, then, set the value of "a" song that is shared? A conservative estimate of 2 billion songs for $105 mill is, what, about a nickel a song? Should use that value when determining damages against Jammie Thomas and anyone else.

    JM convoluted O, of course, but I'm not the one settling for relative peanuts.