Kazaa settles with recording industry

November 3, 2006 at 8:37 am | Posted in copyright, music | Leave a comment

Kazaa, the infamous and once popular file sharing network, has settled with the recording industry for an undisclosed financial penalty.  Why?  After a Supreme Court ruling that media companies could be found guilty of encouraging users to illegally trade copywritten material the party was over.  Morpheus, StreamCast and Kazaa were all eligible for lawsuit.

Earlier this year Kazaa’s parent company, Sharman Networks Lrd., agreed to take steps to block illegal file sharing on their networks and to pay $115 million in penalties.

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