Saturday, July 29, 2006

Kazaa to Pay $100 Million, Convert to Legal Downloading

This article reports Sharman Networks, owners of the file-sharing web site Kazaa, have reached a legal settlement with a conglomeration of music industry representatives.

The result will see Sharman pay EMI Group, Universal Music, Sony BMG Music Entertainment, and Warner Music a combined $100 million in compensation. In addition, following in the footsteps of the original bad boys of file-sharing Napster, Kazaa will be forced to commit to legal downloads.

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