Kazaa settles piracy lawsuits

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Sharman Networks Ltd., the company behind the music-swapping service called Kazaa, has agreed to pay $115 million ot the entertainment industry to settly piracy lawsuits. The company has also agreed to help discourage piracy of music online.

Kazaa software was downloaded more than 389 million times, and the company used a “Fast Track” file sharing network to connect millions of personal computers. Sharman Networks is now negotiating distribution licenses with entertainment companies, which would allow the company to legally distribute music and movies through its service.