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Napster founder Shawn Fanning introduces new file-sharing project

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Sunday, December 5, 2004

SAN FRANCISCO — Shawn Fanning, the creator of Napster and a founder of Snocap, Inc., on Friday revealed his plans for a legal peer-to-peer file-sharing platform. Snocap has signed an agreement with Universal Music Group to make the company's entire catalogue available through the new service. Financial terms of the deal were not disclosed.

According to Snocap's press release, the platform will include a copyright management interface, which will allow content owners to control the distribution of their intellectual property among users. The service's main competitor would be Apple's iTunes Music Store, which is currently the most widely used legal source of downloadable music.

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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.
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