Defunct LimeWire Buries The Copyright Hatchet With Music Agency Merlin, Settles For $15M?

Another hefty payout for the now-defunct file-sharing P2P service LimeWire, and, perhaps more importantly, another nail in the coffin for P2p services: Merlin, a rights agency representing independent labels, says that it has reached an out-of-court settlement with LimeWire over copyright infringement -- a settlement its characterizing as its first big win against a P2P company.Merlin -- which represents labels that feature artists like Adele, Grizzly Bear, The National, Arcade Fire and The National -- did not disclose the value of the deal, except to say that it was "commensurate" with the settlement reached by major music labels with LimeWire in May 2011, which totaled $105 million. The suit had originally been filed in July 2011, in the wake of that settlement, with Merlin seeking at least $5 million in damages.]]>

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