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By ALM Staff | Law Journal Newsletters |

Kazaa to Pay $100 Million In Settlement

Just as this issue was going to press, Kazaa, the peer-to-peer (P2P) file-sharing Web site that once shared the spotlight with Napster, and the music and movie industry settled their long-running law suits ' and Kazaa will pay mightily. The settlement with the four major music companies ' Universal Music, Sony BMG, EMI and Warner Music ' calls for Kazaa, owned by Sharman Networks, to pony up $100 million and to become a legitimate file-sharing service immediately. Terms of Kazaa's settlement with the Motion Picture Association of America (MPAA) were not disclosed.

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