Artists Likely Won't Get a Cut of the RIAA-LimeWire Settlement
The major labels may have won their case against LimeWire, but recording artists may not receive any of the settlement.
Last week, LimeWire agreed to pay $105 million to the Recording Industry Association of America (RIAA) as compensation for pirated tracks.
What exactly does the win mean, and how will the artists benefit from the settlement? The answers to these questions are currently unknown, leading some analysts to wonder whether or not piracy lawsuits are worth the trouble.
In an interview with Computer World, Ray Beckerman — an attorney who has defended those hit with RIAA lawsuits — said, “They got LimeWire shut down, and got some money…But what would be interesting to see is how much of the $105 million that it will get from LimeWire was eaten up by legal fees.”
Visit the RIAA website to read their official position.
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