Kazaa Buries Hatchet With Music Industry For $100M

Law360 (July 27, 2006, 12:00 AM EDT) -- In a bid to become a legal download service, Internet file-sharing network Kazaa said this week it will shell out more than $100 million in a global out-of-court settlement with a slew of record companies, bringing to an end to its long-running feud with the music and entertainment industry.

Under the terms of the deal, Kazaa's owner, Australia-based Sharman Networks, will pay the world’s four major music companies—Universal Music, Sony BMG, EMI and Warner Music—more than $100 million to cover the cost of Kazaa users who...
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