December 5, 2010

LimeWire To Shut Down December 31

LimeWire, one of the world's leading online outlets for free peer-to-peer (P2P) file sharing of music, movies and TV shows, said it would be shutting down by the end of the year and closing its New York-based office for good.

A US federal judge in October granted the music industry's request to close down the popular file-sharing service, which had been found liable for copyright infringement.

"As a result of our current legal situation, we have no choice but to wind down LimeWire Store operations," the P2P network said in a statement to Reuters on Friday.

"Despite our dedication and efforts, December 31, 2010, will mark the day when LimeWire Store shuts its virtual doors," it said.

LimeWire also said its plan to start a separate, legal music service had been terminated.

Since its launch in 2000, LimeWire has been a nuisance for record companies because millions of fans of the service used it to download music for free.

The music industry blames online piracy as one of the primary reasons for declining music sales.


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