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Kazaa Settles with Music Industry

One of the biggest names in file-sharing has agreed to pay the entertainment industry more than $115 million in a settlement.

File-sharing network Kazaa’s parent company announced it will settle global piracy lawsuits with a payment to the music and movie industries of more than $115 million. Sharman Networks Ltd., which produced and distributed the software, said it would “use all reasonable means” to halt online piracy, including adding security measures to Kazaa that would hinder users attempting to download copyrighted music and movies, according to the Associated Press. Instead, the company plans to negotiate licenses with entertainment companies that would allow Kazaa users to legally download music and movies.

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On the Web: kazaa.com

Tags: Music News