KaZaA Creators Agree To Pay $100+ Million
Jul 28th, 2006 | by CousinPaulie | Posted in nerd culture, press, technology, toys | Comments Off
The “verdict” just came in, and it’s going to end up costing the makers of the once wildly popular music downloading service a huge sum of money. Sharman Networks Ltd, the producers of KaZaA, agreed to settle global lawsuits to the tune of $115 million.
The entertainment industry execs are, as always, putting on the face of deeply concerned citizens. The vice chairman for EMI Music made this philanthropic statement: “While the award may seem like a vast pot of money, it will merely offset the millions we have invested — and will continue to invest — in fighting illegal pirate operations around the world and protecting the works that our artists create.”
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