Limewire The Bastion Of Peer To Peer Sharing, Falls

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Lime Wire is no more. The p2p (Peer to peer) sharing service will now have to close down the shop after being beaten black and blue in the Federal court. Earlier in October, Limewire stopped distributing software through its servers in compliance with the court ruling in a landmark judgment.

To add insult to injury the RIAA said that it would be seeking $1 billion in damages arising out of copyright infringement issues. LimeWire’s online music store was stopped yesterday. This gave the first hints of the imminent shut down. Today Limewire in a statement said

Given our current situation, plans to bring our separate, legal music service to market have been canceled. The beginning of 2011 will mark the closing of LimeWire’s New York office and cessation of business by LimeWire. We attracted some of the top talent from the technology community over the years to build our new music service. We’ll be helping our team members commence their job search over the next few months.

The music service was a desperation bid for Limewire to legitimize its business and mend differences with the music industry but understandably failed. The RIAA was contesting the case not to recover the damages as it would seem. Rather like in earlier cases of Grokster, Napster. But Limewire’s shutting down will not mean much to the other filehosting/torrent sites out on the World Wide Web.