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Kazaa Agrees to Pay $100m to the Record Industry

Posted by ryuzaki0 on from the pay-up dept.

siddesu writes "BBC has the following breaking story: File-sharing site Kazaa will become a legal music download service following a series of high-profile legal battles. The peer-to-peer network has also agreed to pay $100m (£53m) in damages to the record industry. The announcement follows the release of a music industry report that says more than 20 billion music tracks have been downloaded illegally in the last year. Hungry artists across the globe rejoice."

1 of 288 comments (clear)

  1. Behind the Times by Billosaur · · Score: 5, Funny
    "We have won another battle in an ongoing war," said John Kennedy, chairman and CEO of the International Federation of the Phonographic Industries (IFPI). "We move forward with a spring in our step."

    The International Federation of the Phonographic Industries? Ok guys, it's the 21st Century, so you may want to update the name a little. Although, I have to admit, the new USB turntable I installed on my multi-media PC is smokin'!

    I wonder if they ever get confused with the International Federation of the Pornographic Industries?

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