p2pnet.net News:- Here’s a story to tug at your heart-strings.

Billionaire Kazaa creators Niklas Zennstrom and Janus Friis, “have reached into their own pockets to help settle a lawsuit brought by the music and movie industries” against Australia’s Sharman Networks, to whom they sold Kazaa many moons ago.

So says Reuters, going on that Sharman was the lead defendant, “in a lawsuit by the movie and music industries which was settled on Thursday”.

Sharman, sued by the Big Four record labels in Australia and by fellow-p2p application company StreamCast Networks in the US, has been doing its best to persuade the entertainment cartels that it was a potential business associate rather than a despised pariah.

Then came the news that it had ‘settled‘ with the industry to the tune of $115 million.

“They [Zennstrom and Friis] are one of the parties contributing to the settlement figure,” according to an email from a Sharman spokeswoman, quoted by Reuters.

(Thanks, Dar)

Also See:
Reuters – ‘Bully’ Video Game Already Getting Heat for Violence, August 10, 2006
StreamCast – Named in StreamCast vs eBay, May 27, 2006
settled – Kazaa owner’s DRM plan, August 4, 2006

---

p2pnet newsfeeds for your site.

rss feed: http://p2pnet.net/p2p.rss
Mobile – http://p2pnet.net/index-wml.php

This entry was posted on Thursday, August 10th, 2006 at 2:10 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

HOME

Viewed 3051 times