Kazaa pays off the music publishers
Print'Substantial sum'
Posted in Financial News, 1st November 2006 00:04 GMT
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And you thought Kazaa had gone completely kosher. Wrong.
Months after paying $100m to the record labels and movie studios to settle piracy charges, the browbeaten P2P music service has only today come to terms with America's music publishers.
In a statement, the National Music Publishers Association (NMPA) said Kazaa had agreed to pay a "substantial settlement to compensate music publishers and songwriters for the infringement of musical works on the Kazaa network".
The NMPA doesn't attach a dollar figure to the settlement and says the deal needs rubberstamping by its members. But it appears all over bar the shouting.
This brings to an end the music publishers' class suit against Kazaa. And it leaves Kazaa free to resume its latest incarnation as yet another lossmaking legit music service. ®
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