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.
Talk: Will the entertainment industry ever really be able to stop illegal file-sharing? COMMENT
On the Web: kazaa.com
