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EMI Signs on with SnoCap
May 5, 2005
Thomas Mennecke
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Shawn Fanning is a name long remembered in the file-sharing galaxy. Of course, his name is most closely associated with now defunct Napster P2P network. During its heyday, Napster maintained approximately 1.5 million simultaneous users - small fries by today's standards, but monumental during its time.

Today, Shawn Fanning has moved on. Although Napster was immensely popular, its became a victim of its own success. In November of 2001, the RIAA succeeded in having the centralized network banished from the Internet. Although the name lives on, the community that once thrived on this network is long gone.

Shawn Fanning's idea of fun these days is a growing DRM (Digital Rights Management) firm called SnoCap. SnoCap provides the technology that allows music companies to securely distribute their content in a controlled environment, usually over P2P networks. So far, virtually all music companies that have signed up with SnoCap have been smaller independent labels. However, it appears SnoCap's fortunes have changed.

SnoCap announced today the addition of a new client, EMI music. EMI music, although an independent label, is the largest of this genre. Both companies "signed an agreement for SnoCap to provide identification and copyright management technologies, as well as database services"

"This deal with Snocap underscores EMI's commitment to developing legitimate ways to deliver our music in more ways to more fans, including peer-to-peer distribution models that ensure creators are compensated for their works," said David Munns, Chairman and CEO EMI Music North America. "This sends a signal to music industry critics who claim we are technophobic. If anything, we are embracing technologies like SNOCAP, which allow the P2P community to share music legally. It's a big step forward for fans, artists and copyright owners."

This story is filed in these Slyck News categories
Entertainment Industry :: Other
Authorized Music Store :: Other

You can read the press release here.

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