File Sharers Kazaa Settle Out Of Court
The online file sharing company Kazaa (Wikipedia entry; real Kazaa site hosts malware, surprise, surprise!) just settled out of court for a cool $115 million.
They were simultaneously being sued by Warner Music, Universal, Sony, and EMI. One now has to wonder where all that money came from, since the spyware-riddled Kazaa wasteland could not possibly be that profitable. I guess one thing to remember is that Kazaa used to be run by Skype founders Niklas Zennstrom and Janus Friis, who just flipped Skype to Ebay for $2.6 billion… So you’d have to assume that offing Kazaa to Sharman Networks (a company headquartered in Sydney but incorporated in the South Pacific island of Vanuatu) would have given them enough money (and remoteness) to fight the RIAA/record companies/et cetera that wanted them dead. Oh well, hopefully that just means fewer zombie, spyware-infected machines souring the internet for everyone.