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Limewire wants to give record labels a cut of its ad revenue

GigaOM Network found this 10/16/2008 on p2p-blog.com

CEO George Searle announced an ambitious plan to pay rights holders at the P2P Media Summit in Los Angeles last week. His company plans to split the revenue of its upcoming contextual advertising platform with record companies. Labels will get as much as 40 percent of the money Limewire is ...