In an end to a legal battle that couldn’t get any more dramatic than it already is, Kazaa, a file-sharing software developer, have reached a legal settlement with the music and movie industries.

Under the terms of the deal, Kazaa's owner Sharman Networks will pay the world's four major music companies -- Universal Music, Sony BMG, EMI and Warner Music -- more than $100 million (54 million pounds) and commit to going legitimate, according to the International Federation of the Phonographic Industry.

The settlement will settle two suits, one in Australia, wherein a judge had already ruled that the company breached copyright; and another in California, wherein Kazaa creators Niklas Zennstrom and Janus Friis (inventors for Skype) were named as co-defendants.

This will be a symbolic victory more than a commercial one for the music and movie industry. Kazaa was known to be the music/video pirate of sorts earlier, but today, new technologies have come along and have replaced it - legally. This time, Kazaa’s settlement will be the red beacon for other “pirates” to be aware off.