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Posted by Technobarbarian on 07/28/06 02:21
"FatKat" <robynari@juno.com> wrote in message
news:1154049219.887477.93340@p79g2000cwp.googlegroups.com...
>
> Zapanaz wrote:
>> On Fri, 28 Jul 2006 00:29:29 GMT, Modemac <modemac@modemac.com> wrote:
>>
>> >http://news.bbc.co.uk/1/hi/technology/5220406.stm
>>
>> "We move forward with a spring in our step."
>>
>> jesus.
>>
>>From the media reports I've seen, the settlement will cost Sharman $100
> million. How does a publisher of a porgram that costs nothing get $100
> million?
Are you reallllllly that slow?
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/04/24/BU104303.DTL&type=business
Wednesday, April 24, 2002
"Australian businesswoman Nikki Hemming stepped into the spotlight for the
first time yesterday, to reveal her vision for making KaZaa, her
controversial online file-sharing service, a successful, and legal,
business.
"I've got the most powerful brand on the market right now," Hemming said
during a global teleconference with reporters, her first public comments
since the former Virgin Interactive executive's startup, Sharman Networks,
bought KaZaa from its Dutch creators.
Hemming said 65 million copies of the KaZaa Media Desktop program have been
downloaded, allowing anyone with a computer and an Internet connection to
swap free digital copies of music, movies and software. KaZaa has become the
leading alternative to Napster."
[snip]
"Hemming said KaZaa is already turning a profit from revenue derived from
advertising and from software bundled with the program. She said Sharman has
struck a deal with the New York Internet advertising agency DoubleClick Inc.
to sell more ads.
Sharman Networks is registered in the South Pacific island nation of
Vanuatu, which does not have corporate, personal income or corporate gains
taxes. Its headquarters is in Sydney.
Hemming also defended a controversial deal to bundle software that critics
say would surreptitiously hijack KaZaa users' computers into a new
commercial peer-to-peer network. She said KaZaa users will have a choice
whether to participate in the new Altnet network."
This was over 4 years ago and they've been banking money all along. I'm
sure Sharman Networks is crying all the way to the bank. Did you think they
bought Kazaa as some sort of strange hobby?
TB
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