Study: LimeWire demise slows music piracy

In what will surely be music to the ears of the major record labels, research firm NPD Group says that illegal file sharing of songs via peer-to-peer services has dramatically dropped off since Lime Wire shut down.Lime Wire, the company that operated the popular peer-to-peer network LimeWire, was forced to shut down in October after a federal court found the company liable for copyright infringement. The Recording Industry Association of America had file a copyright suit against Lime Wire and CEO Mark Gorton in 2007, claiming the company encouraged the pirating of billions of songs.

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