Wurld Media says it has secured a licensing deal for its commercial peer-to-peer download service Peer Impact with EMI Music. Wurld says it is now the first P2P network with agreements with all four m
Wurld Media says it has secured a licensing deal for its commercial peer-to-peer download service Peer Impact with EMI Music. Wurld says it is now the first P2P network with agreements with all four major record companies.
Saratoga Springs, N.Y.-based Wurld announced deals with Sony BMG, Universal Music Group and Warner Music Group in November.
Peer Impact -- which is expected to feature digital rights management protection of files -- will distribute only licensed and public-domain content. Wurld says it is negotiating partnerships with independent labels, videogame publishers and motion picture studios.
Pricing for the new service has not been revealed. Under the Peer Impact community system, consumers will provide fulfillment of downloads. "Members simply leave their computers on, and if they are used as a source for fulfillment, they are given credit for the sale and can use it towards future purchases through Peer Impact," the company says in a statement.
"EMI Music is happy to be delivering its catalog of music to consumers via Peer Impact -- the first of what we hope will be many legitimized P2P services," says Ted Cohen, senior VP of digital development and distribution at EMI Music. "This service will show that the legal exchange of copyrighted works and a good consumer experience can go hand-in-hand."