Kazaa to pay music industry $100 mln

KAZAA TO PAY MUSIC INDUSTRY $100 MILLION
[SOURCE: Reuters]
The music industry has reached a legal settlement with veteran antagonist Kazaa, one of the world's best known file-sharing networks and a longtime source of illicit music and movie downloads. Under the terms of the deal, Kazaa's owner Sharman Networks will pay the world's four major music companies -- Universal Music, Sony BMG, EMI and Warner Music -- more than $100 million and commit to immediately going legal, said the International Federation of the Phonographic Industry.
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