Limewire to Close After 4 Year Court Fight

The P2P giant LimeWire has lost the case against the music industry majors for copyright infringements and illegal distribution of music across the globe. The court has acknowledged that Limewire led P2P distribution could have meant the end of game for the original music distributors like Sony Music and others. At the moment LimeWire’s website too looks dead and inactive. Its landing page reads “This is an official notice that LimeWire is under a court-ordered injunction to stop distributing and supporting its file-sharing software. Downloading or sharing copyrighted content without authorization is illegal”. The company is keen to re-launch itself in an effective manner that does not kill the interests of original music distributors. Going ahead, the free P2P services will slowly be phased out as the rulings get tougher. Probably, LimeWire would transform to another Napster and provide the services in a legitimate manner on the go. There might be paid plans to access music and other resources. The company may re-align itself to the needs of their stakeholders in a far better manner.

Limewire to Close After 4 Year Court Fight Limewire to Close After 4 Year Court Fight

Till date the biggest concern of copyright infringement, amongst the industry leaders still remains as there are several P2P sites which are attracting huge traffic across the globe. By providing free music download in the form of MP3, WAV and other formats these intermediaries are defeating the core purpose. In fact as the one amongst them goes down, the other picks up in its magnitude and becomes the next giant. The global music bodies and film industry must realize the serious threats that these services providers impose and move them to court. The cases such as LimeWire and its possible future turnaround in a legitimate manner can let all stakeholders in the value chain happy. LimeWire has already accepted the major setback for them in the last quarter of the financial year. One can expect only by the end of another two fiscals for it to become a profit making company.

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