It's the day the music died for one well-known p2p music sharing site. Limewire is out of the file-sharing business.  

In response to a lawsuit filed four years ago by the Recording Industry Association of America, earlier this year, the courts found the p2p file-sharing site liable for copyright infringement.   On Tuesday, the U.S. District Court in New York took it a step further and forced the Lime Company to shut down Limewire for good with a permanent injunction.

The permanent injunction calls for Limewire to disable the searching, downloading, uploading or file trading of its p2p software and to block the sharing of unauthorized music files.

Judge Kimba Wood ruled that record companies "have suffered – and will continue to suffer – irreparable harm from LimeWire's inducement of widespread infringement of their works".

The Lime Company put up a legal notice on the Limewire site that states:

In a press release issued by the Lime Company, Limewire's CEO George Searle said, "Naturally, we’re disappointed with this turn of events. We are extremely proud of our pioneering history and have, for years, worked hard to bridge the gap between technology and content rights holders. However, at this time, we have no option but to cease further distribution and support of our software."

Lime Group spokeswoman Tiffany Guarnaccia maintained that the company will not go out of business. Limewire will continue to operate its online store and the company has made plans to launch a subscription based music service on the site.

While this is a victory for the RIAA, users are already moving to other file-hosting sites, like Rapid Share, MegaUpload and Frostwire, according to some reports.