Yup...it's official....At the end of this year, the embattled LimeWire service will be shutdown completely.
The company issued a statement today confirming that it will cease all business operations as of 2011: “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.
The end of LimeWire was perhaps inevitable ever since a federal judge ruled in favor of the RIAA’s lawsuit against it. Despite the May ruling, LimeWire contended it would continue to develop what it called an “unmatched” unlimited music download service, and that it was negotiating with major labels to bring that service to reality.
But the legal woes just kept mounting. In June, a group of publishers filed their own suit against the company. And In October, the judge presiding over the RIAA case slapped a permanent injunction against the company forcing it to shut down its P2P operations.
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