n news that will likely disappoint litigation attorneys, new research suggests that it may be unwise for producers of digital goods to sue file-sharing Internet networks and individuals who trade copyrighted music, movies and software. A recent study by Tunay Tunca, assistant professor of operations, information and technology at the Stanford Graduate School of Business, and fifth-year doctoral candidate Qiong Wu, found that increased Internet piracy by individuals has reduced demand for commercially pirated products, like illegal copies of CDs and DVDs sold on the black market.

Tunca and Wu argue that in the presence of Internet piracy, by strategic pricing, legal publishers can efficiently suppress commercial piracy activity and acquire a larger market segment and profit. This is because the damage done by technologically-savvy individual pirates can be less than commercial ones.

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The Big Six Hollywood movie studios are bent on making sure they, and only they, have control of the Net as the principal distribution medium for the 21st century, wielding their MPAA (Motion Picture Association of America) as a club to crush anything and anyone standing in their way.

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LimeWire is the world’s fastest P2P file-sharing application, letting users share and search for all types of computer files, including movies, pictures, games, and text documents. The applications other features include dynamic querying, the ability to preview files while downloading, advanced techniques for locating rare files, and an extremely intuitive user interface. LimeWire features personalized spam blocker to get rid of junk results. Automatic updates will keep you sharing faster than ever with the latest version. You can search for Creative Commons and Weedshare licensed files, and publish your own creative works with Creative Commons licensing. LimeWire continues its guarantee of no adware or spyware.

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More than 50 law enforcement officials raided 10 locations, confiscating the computers and detaining three people.

ThePirateBay.org had described itself to be the largest search index for BitTorrent, a system used for sharing large files across the internet.

The entertainment industry welcomed the action against a site it argued was a major source of music and film piracy.

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