Kazaa Agrees to Pay $100m to the Record Industry 288
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."
Next in line to pay up (Score:4, Funny)
FTFA: 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."
All they have to do now is get all those undead [betanews.com] offenders to pay up.
Just watch MTV Cribs (Score:0, Funny)
Re:20 Billion Tracks? (Score:2, Funny)
Behind the Times (Score:5, Funny)
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?
Re:Hungry artists... (Score:3, Funny)