Fanning signs deal with EMI
p2pnet.net News:- Shawn Fanning is now firmly in the camp of the companies which killed Napster, his embryo p2p file sharing application, stone dead.
With Sony BMG Music under its belt, Fanning’s Snocap p2p monetization scheme has now attracted Big Four record label cartel member EMI.
“This sends a signal to music industry critics who claim we are technophobic," David Munns, chairman and chief executive of EMI Music North America is quoted as saying in BusinessWeek
"We are embracing technologies like Snocap, which allow the peer-to-peer community to share music legally."
Does Munns’ "technologies like Snocap" comment suggest another ‘make p2p pay’ application is in the building?
Fanning’s Snocap copyright management and filtering system uses Royal Philips Electronics audio ‘fingerprinting’ technology to identify and block transmission of digital-video files.
It first hit the headlines when ex-Grokster and Blubster boss Wayne Rosso announced he was using Snocap in his MashBoxx p2p app.
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See:-
BusinessWeek - Napster founder signs deal with EMI, May 5, 2005
MashBoxx – Shawn Fanning and Sony BMG, p2pnet, March 4, 2005
May 6th, 2005 at 9:54 pm
I just can’t help but get the feeling that this will just be another over-priced online music travesty foisted on the unknowing public but with one addition…that the bandwidth costs of distribution will now reside with the people who have already bought the music (be it tethered or not) and not with the record companies – keep an eye out for this next stage of BS and exploitation
TT
May 6th, 2005 at 9:59 pm
BS and exploitation?
Shame, on you TT, Shame. How can you say that?
You know the cartels have only your best interests at heart.
Cheers!
May 7th, 2005 at 5:11 am
Call me crazy BUT why the hell couldn’t the major labels have done this 4 years ago and not put the public through all this B.S. of lawsuits and such??????Boy these guys are more than a day late and a dollar short!!!!!!!!!!!!!!!