EMI and Snocap deal
Reuters.com
"The world's third-largest music company, EMI Group Plc (EMI.L: Quote, Profile, Research) , has signed a deal with Snocap, a technology firm that is working to create a legal peer-to-peer music-sharing network.
Snocap, headed by Napster founder Shawn Fanning, identifies songs by their digital 'fingerprints' and determines how copyright holders want them to be used. For example, a music label could authorize an up-and-coming single to be freely distributed, or to play three times before requiring payment."
"The world's third-largest music company, EMI Group Plc (EMI.L: Quote, Profile, Research) , has signed a deal with Snocap, a technology firm that is working to create a legal peer-to-peer music-sharing network.
Snocap, headed by Napster founder Shawn Fanning, identifies songs by their digital 'fingerprints' and determines how copyright holders want them to be used. For example, a music label could authorize an up-and-coming single to be freely distributed, or to play three times before requiring payment."
posted by Michael Mouse at 9:23 am
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