The service is planned to be available to the public later this year and will allow people to download and stream music to laptops, smart phones and other mobile devices for a monthly fee – we imagine a micropayment option will be available where users can pay $150,001 for a song.
A representative for the company told Computerworld that the service was a legal version of Limewire. However she also pointed out that this was a planned move by the company and that it had been working hard on it “for some time now”.
“Essentially, the new music service will be an ecosystem comprised of a desktop media player, mobile applications and a Web-based music experience for downloading and streaming,” she said.
She explained that the new service will have several cloud integration features including one that allow iTunes content to be synced to the cloud.
Similar to Spotify, users will automatically be offered playlists based on what they are downloading. There will also be a social networking aspect of the site that will allow people to chat with other music fans, read reviews and see album ratings.
The service is a brave move for the company, or perhaps a last-ditch effort, which is currently in the middle of a huge legal battle.
In May a judge found Limewire’s parent company Lime Wire LLC and its founder Mark Gorton, liable of copyright infringement following the complaints of 13 record companies.
It was given some respite earlier this month when a judge ruled it could continue operating for two more weeks. However this was like having a bee in the bonnet for the angry music industry, which told the jury that every day LimeWire is available to the public, irreparable harm is done to record companies.
However it suffered what could be the fatal blow last week when eight publishers including EMI, Sony/ATV, Universal, Warner/Chappel, Bug Music, MPL, Peermusic, and The Richmond Organisation said they wanted an astounding $150,000 (£100,000) per infringed song.