Kazaa Settles With Record Labels, May Go Legit

[infoseeker]

Kazaa -- possibly the largest P2P file-sharing free-for-all ever developed, has agreed to a settlement with the record industry rumored to be in the neighborhood of $100 million, and has promised to mend its ways.

..........an Australia-based peer-to-peer Web site that managed to elude the legal reach of the music recording industry for many years, has agreed to an out-of-court settlement of US$100 million.

Owner Sharman Networks also agreed to prohibit illegal file sharing on the Kazaa network going forward.

In theory, at least, the agreement paves the way for Kazaa -- once the most famous P2P outlaw of them all -- to go legit. However, the site faces more than a few hurdles before it will be able to actually set up shop with a business model that one day could lead to profits

READ COMPLETE
:icon_shak
:icon_blac
:icon_scra


:icon_boun infoseeker :icon_boun

[thepuzzler]

Dupe post.

[RACKnRAIL]

the more threads about Kazaa's death, the more I don't miss it.