Snocap, the latest venture of Napster creator Shawn Fanning, today (March 17) said it had reached deals with various independent labels to facilitate the distribution of their music on peer-to-peer se
Snocap, the latest venture of Napster creator Shawn Fanning, today (March 17) said it had reached deals with various independent labels to facilitate the distribution of their music on peer-to-peer services.
Earlier this month, Snocap, a copyright management and filtering system, reached a deal with Sony BMG Music, which was its second major music label deal following a deal in December with Vivendi Universal's Universal Music.
Labels involved in the latest deals are Absolutely Kosher Records, Artemis Records/Sheridan Square Entertainment, Gammon Records, Streetbeat Records/Pandisc/Kriztal Entertainment, Nacional Records, Nettwerk Records, OM Records/Deep Concentration, Reality Entertainment and TVT Records.
In addition, Independent Online Distribution Alliance, an aggregator of independent label content, has agreed to bring more than 75,000 tracks from 500 independent labels to SNOCAP.
Financial terms of the deals were not disclosed.
Fanning launched Snocap in December, touting it as an effort to turn the threat of still popular peer-to-peer services into an opportunity for music companies and artists.
Fanning first shot to notoriety when he turned the music industry upside down with Napster, which introduced millions of music fans to the concept of free song-swapping.
Napster has since relaunched as a legitimate subscription service.