It's no surprise that Limewire is expecting hard times after being forced to shut down their p2p client. What is a bit surprising is their determination to move the company forward and make a place in the already crowded legal music service space. According to All Things D, 30% of Limewire staff got the boot . " Following the court-ordered injunction, we reduced our work force to extend our runway for bringing our new music service to market," said Limewire CEO George Searle.
There is a project already underway at Limewire to distribute music legally. The "Grapevine" service is still an unknown quantity. We don't even know if it will use p2p technology in any way. Whichever way they go, the big labels will have to sign on for it to be a success. Do you think Limewire has a shot, or is it curtains for them?