As you will recall, Judge Kimba Wood ordered LimeWire to shutdown last October after finding the file-sharing service liable for copyright infringement and inducement to commit copyright infringement. An estimated three billion songs per month were downloaded through LimeWire and the music industry wants the now defunct company to pay upwards of $75 trillion in damages.
Music industry analysts thought that they could breath a sigh of relief in the post-LimeWire world—that music piracy would slowly decline—however, new studies show that file-sharing is still on the rise. So, did LimeWire really kill the CD (sale)? Have former P2P users finally monetize their music habits?
Read the rest at For the Rechord: Did LimeWire Really Kill The Music Industry?.