The future of P2P
So Kazaa follows Napster- a re-birth...and Hollywood.Media partners anew:
Excerpts from The International Herald Tribune July 28, 2006 (By Eric Pfanner):
LONDON The music industry and Hollywood movie studios said Thursday that they had settled lawsuits against a longtime nemesis, the owner of the digital file-sharing network Kazaa, freeing that company to transform itself into a legitimate online distributor of films and music.
Sharman Networks, a privately held company that is incorporated on the Pacific island of Vanuatu and operates Kazaa from Australia, agreed to pay $115 million to the major record companies and movie studios, which accused Kazaa of aiding the illegal copying of music via the Internet."
"All the parties involved now recognize the time is right to work together, and we are looking forward to collaborating with the music and motion picture companies to make P2P an integral part of the future of online digital entertainment," Nikki Hemming, chief executive of Sharman Networks, said.
Kazaa has been earning revenue primarily from advertising, and Kennedy said the recording industry would not object if it persisted with an advertiser-supported model, rather than charging users, as long as it pays the proper royalties.
Such a model would differentiate Kazaa from other online music services, which typically charge users for downloads or subscriptions. Digital music offerings are proliferating, including several from companies that use peer-to-peer technology.
The movie industry has also begun to embrace peer-to-peer technology as a means of distributing its content. Several download-to-own services, which allow users to purchase digital files of films via the Internet and watch them as they would a DVD, have also been started.
see http://www.iht.com/articles/2006/07/27/yourn
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