backtop


Print 53 comment(s) - last by crazydrummer45.. on Jul 31 at 12:57 AM

Kazaa goes legal

In what the recording industry calls a win situation, four record labels have settled a lawsuit with popular P2P sharing network Kazaa. Under the settlement, Kazaa will pay more than $100 million to four to EMI, Sony BMG, Universal Music and Warner Music. Kazaa will also commit to going fully legitimate said the report.

According to the International Federation of Phonographic Industry, Kazaa has contributed to a significant amount of "damage" in the music industry. IFPI chairman and CEO John Kennedy said "these are very substantial damages being paid -- in excess of $100 million -- and Kazaa will go legal immediately. They've had time to prepare for this." Representatives for the MPAA also said that Kazaa will be implementing technology that will prevent users from transferring copyrighted material over the network.

The original developers of Kazaa, Niklas Zennstrom and Janus Friis sold Kazaa to Sharman Networks in 2002. Since then, Sharman had been dealing with the MPAA and the RIAA over the legality of Kazaa users transferring copyrighted material. Neither Zennstrom nor Friis was available for comment.

Zennstrom went on to create Skype after selling Kazaa to Sharman. Zennstrom ended up selling Skype to eBay for roughly $2.6 billion in both cash and stock.


Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: and i thought i hated google...
By masher2 (blog) on 7/28/2006 7:02:02 PM , Rating: 2
There are literally tens of thousands of people selling their music on the Internet right now. Directly-- with no middleman taking 95% of the profits. Almost without exception, none of those people have two nickels to rub together...while the people signed with the big labels are still raking in millions.

Perhaps the labels know a little more than you give them credit for.


RE: and i thought i hated google...
By msva124 on 7/28/2006 10:34:45 PM , Rating: 2
You're right. If anything, the records companies should have waited longer before making music available online.


"I'm an Internet expert too. It's all right to wire the industrial zone only, but there are many problems if other regions of the North are wired." -- North Korean Supreme Commander Kim Jong-il

Related Articles
Skype to be Integrated with eBay
June 14, 2006, 12:37 PM













botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki