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Friday, July 28, 2006

$100 million dollars

No its not Dr Evil ...
Kazaa has agreed to pay $100 mln in music industry settlement

Content Industries and Sharman Networks Settle All Global Litigation
SYDNEY – Sharman Networks Ltd. announced today that an historic turning point has been reached for both technology and content industries...
SYDNEY – Sharman Networks Ltd. announced today that an historic turning point has been reached for both technology and content industries with the global settlement of the Metro-Goldwyn-Mayer Studios Inc, et al., v. Grokster, Ltd and the Universal Music Australia Pty Ltd & Ors v. Sharman License Holdings Ltd & Ors copyright cases.
The global settlement of all legal disputes between Sharman, which owns and distributes the Kazaa peer-to-peer (P2P) software application, and the major entertainment content providers and trade groups, clears the way to enable distribution of the broadest range of licensed content over Kazaa.
full release : http://www.sharmannetworks.com/content/view/full/321/

1 comment:

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