Former P2P firm LimeWire is awaiting the damages bill in its lost legal battle with labels, but how much did it pay to settle a similar case with US publishers? Digital Music News claims that the settlement was $11 million – a modest sum compared with the heavyweight damages being sought by the labels. National Music Publishers Association president David Israelite has merely said publicly that “I will communicate to you that the amount is well over $10 million… We’ve shown a better than 10-to-1 ratio on every dollar spent on litigation”. With LimeWire shut down and facing a financial battering in the separate RIAA-led case, it’s perhaps no surprise that the NMPA chose to settle for a smaller amount in advance, while there’s a prospect of actually being paid it.
Tools: platforms to help you reach new audiences
Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…