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Content Industries and Sharman Networks Settle All Global Litigation
SYDNEY – Sharman Networks Ltd. announced today that an historic turning point has been reached for both technology and content industries...
SYDNEY – Sharman Networks Ltd. announced today that an historic turning point has been reached for both technology and content industries with the global settlement of the Metro-Goldwyn-Mayer Studios Inc, et al., v. Grokster, Ltd and the Universal Music Australia Pty Ltd & Ors v. Sharman License Holdings Ltd & Ors copyright cases.
The global settlement of all legal disputes between Sharman, which owns and distributes the Kazaa peer-to-peer (P2P) software application, and the major entertainment content providers and trade groups, clears the way to enable distribution of the broadest range of licensed content over Kazaa.
“This settlement marks the dawn of a new age of cooperation between P2P technology and content industries which will promise an exciting future for online distribution in general and Kazaa users in particular,” said Nikki Hemming, CEO of Sharman Networks.
“It has been our long standing goal for Kazaa to play a significant role in the growing market for licensed online distribution and authorised exchange of copyrighted content using peer-to-peer technology, and this settlement ensures that we will be working together with the content providers to the benefit of consumers, businesses and artists,” said Hemming.
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,” said Hemming.
About Sharman Networks: Sharman Networks Ltd. distributes the popular Kazaa software, a leading peer-to-peer application that allows users to search, download, organize and interact with a variety of file types. Founded in 2002, Sharman Networks is a private company committed to distributing computing software applications that are pioneering the digital revolution. Sharman Networks is a worldwide operation. For more information about Sharman Networks, please visit sharmannetworks.com.
A lead plaintiff stands in for and acts on behalf of the other class memebers in the litigation.
A lead plaintiff is a representative person(s) or party appointed by the court to stand in for and act on behalf of the other class members in th elitigation. To appoint a lead plaintiff, a court must determine that the proposed plaintiff's claims
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A class counsel is one or more attorneys who are appointed by the court to give legal advice to the plaintiff class.
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