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Settlement Paid out By Kazaa & Skype

 Reuters

 Niklas Zennstrom and Janus Friis, the billionaire Internet entrepreneurs who created Kazaa and Skype, have reached into their own pockets to help settle a lawsuit brought by the music and movie industries.

Australia’s Sharman Networks, the lead defendant in a lawsuit by the movie and music industries which was settled on Thursday, confirmed that Zennstrom and Friis contributed to a payout of well above $100 million.

“They are one of the parties contributing to the settlement figure,” a Sharman spokeswoman said in an e-mail. “(I) cannot say any more other than that the settlement costs are being shared amongst all settling parties.”

   

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