Another adventure for Napster's Shawn Fanning

[Raven_Writer]

Napster founder introduces new file-sharing service


Written by Mahendra Hora
Saturday, 04 December 2004

Shawn Fanning, founder of Napster, world’s first file trading network, is back in full force to legalize music swapping with his new venture.

Fanning has setup a new company, Snocap, which will help music companies protect their copyright music from peer-to-peer trading. Snocap will consist of music databases from music publishers that will recognize copyrighted music and will prompt music traders to purchase the music before listening to it.

Universal Music has high hopes for the system and has signed a contract with Snocap. According to Snocap, they are having talks with other publishers and expect to team-up with them soon.

Apple’s iTunes, along with other online music retailers, have lowered the usage of peer-to-peer networks somewhat and with ventures, such as Snocap, starting up, legalized music sales are bound to rise.

Source: CoolTechZone.com

Honestly, I don't know how true this is, although I can imagine it being true. Shawn's been helping the RIAA (and others) since the rebirth of Napster. Looks like that if it's really true, that Napster and other programs may lose a lot of people.