Kazaa Settles Infringement Case27 Jul, 2006 By: Jessica Wolf
The owners of peer-to-peer downloading service Kazaa, Sharman Networks Ltd., have reached a settlement with entertainment content providers.
The settlement closes the books on the copyright case Universal Music Australia Pty Ltd & others v. Sharman License Holdings Ltd and others.
The company will reportedly pay $115 million, mostly to music companies, and plans to get into the legal distribution of music and movies over the Internet.
“It has been our longstanding goal for Kazaa to play a significant role in the growing market for licensed online distribution and authorized exchange of copyrighted content using peer-to-peer technology and this settlement ensures that we will be working together with the content providers to the benefit of consumers, businesses and artists,” said Nikki Hemming, CEO of Sharman Networks.