File-Sharing Pioneers Now Selling Music
Posted in: Online TV/Music at 03/06/2010 20:40
In the music business, they would call it a comeback.
Almost a decade ago, Niklas Zennstrom and Janus Friis, European technology entrepreneurs, unleashed the Napster-like file-sharing program Kazaa on the Web, allowing millions of users to freely download songs, movies and TV shows.
Kazaa was sued by record companies and Hollywood studios and settled the litigation for tens of millions of dollars, just as the pair sold their next company, Skype, to eBay for more than $3 billion.