Lime Wire and its founder will pay four major record labels and the Recording Industry Association of America (RIAA) $105 million to settle a copyright infringement lawsuit, according to reports on Thursday.
"The significant settlement underscores the Supreme Court's unanimous ruling in the Grokster case—designing and operating services to profit from the theft of the world's greatest music comes with a stiff price," said RIAA chairman Mitch Bainwol in a statement.
"The resolution of this case is another milestone in the continuing evolution of online music to a legitimate marketplace that appropriately rewards creators. This hard fought victory is reason for celebration by the entire music community, its fans and the legal services that play by the rules."
0 comments:
Post a Comment