via Digital Music News
They're the gift that keeps giving, which is entirely appropriate, or so the Christmas jingles would have you believe. Kazaa paid a "substantial" amount to the record labels in a settlement earlier this year, which was apparently the difference between a profit of $12 million and a loss of $1 million for Warner Music Group.
Overall shares for Warner went down on the news. Why? Well, probably because the major labels still aren't sure how to deal with the new digital age besides suing companies and pilfering a Zune tax where they can manage it. One lawsuit that probably won't happen: Warner Music CEO vs. Warner Music CEO Jr. We're pretty sure that the young lad, who Warner's CEO is "fairly certain" pirated music, got put on time out though.