LimeWire to Launch Legit Music Store

File sharing company LimeWire has announced plans to open a legitimate music store, which it will eventually integrate into its popular -- and controversial -- P2P software. The company is facing increasing pressure to clean up its business after being sued by the record industry.

While the court case is ongoing and the RIAA is demanding $150,000 for every song illegally shared via LimeWire, the company has kept its business moving forward. The LimeWire store won't have an extensive library to begin with, as it is initially only licensing music from IRIS Distribution and Nettwerk Productions. But the songs will be available as 256kbps MP3s with no copy protection. Both a la carte downloads and subscription offerings will be available to customers, but pricing has not yet been announced.