http://today.reuters.co.uk/news/newsArticle.aspx?type=entertainmentNews&stor yID=2006-07-27T111136Z_01_L27523430_RTRUKOC_0_UK-MEDIA-MUSIC-KAZAA.xml
The music industry has reached a legal settlement with its long-time antagonist Kazaa, one of the world's best known file-sharing networks and a long-time source of illicit music and movie downloads. Under terms of the deal, Kazaa's owner Sharman Networks will pay the world's four major music companies -- Universal Music, Sony BMG, EMI and Warner Music -- more than $100 million (53.7 million pounds) and commit to immediately going legit, the music industry trade group International Federation of the Phonographic Industry said. "There 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," said IFPI Chairman and Chief Executive John Kennedy. Gregory S. Williams [EMAIL PROTECTED] Reply with a "Thank you" if you liked this post. _____________________________ MEDIANEWS mailing list [email protected] To unsubscribe send an email to: [EMAIL PROTECTED]
