P2P firm LimeWire is facing a ruinous damages bill and the shutdown of its service, having been found guilty in a mass copyright infringement case in the US. But CEO George Searle has told Music Week that squashing LimeWire would be a mistake for the music industry. “Together, we have a historic opportunity to build a new future for music that compensates rights holders while maintaining the aspects of technology and community that LimeWire was built on,” he says. Searle says LimeWire is working on a new service that isn’t a ‘legal’ version of its existing P2P software, but instead will offer legit “unrestricted downloading and streaming”.

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