h1

Kazaa To Pay $115 Million Settlement to Recording Industry

July 27, 2006

kazaa.jpg 

It was announced today that a settlement had been reached between Sharman  Networks, owner of Kazaa and several companies and organizations representing the music industry in the United Satates. The settlement requires the payment by Kazaa of 115 Million USD and the creation of a new subscription service that filters illegal content.

The announcement made by the IFPI (International Federation of the Phonographic Industry) and the RIAA’s (Recording Industry American Association) was considered ground breaking, bringing to mind Napster’s route to legality a few years back in very similar circumstances. Yet many observers don’t share the industry’s optimism. The fact that many of the files shared through Kazaa were plagued with virus and spyware made the number of users decline heavily in recent months, causing many to migrate to other emerging services such as LimeWire and eDonkey. For these analysts file-sharing tendencies will not be significantly affected by this settlement.

 

Advertisements

One comment

  1. Cocktails



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: