Snocap takes another bite

Snocap has come to terms with EMI, after having bagged Sony BMG and Universal. So now three out of four major music labels have struck deals with Shawn Fannings new company …

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.

… read more at Reuters.com

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