Napster founder Shawn Fanning introduces new file-sharing project
{{byline|date=December 5, 2004|location=SAN FRANCISCO}}
[[w:Shawn Fanning|Shawn Fanning]], the creator of [[w:Napster|Napster]] and a founder of Snocap, Inc., on Friday revealed his plans for a legal [[w:Peer-to-peer|peer-to-peer]] [[w:File-sharing|file-sharing]] platform. Snocap has signed an agreement with [[w:Universal Music|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 [[w:Apple Computer|Apple]]'s [[w:iTunes Music Store|iTunes Music Store]], which is currently the most widely used legal source of downloadable music.

==References==

* {{source|url=http://www.snocap.com/press/releases/?id=1|title=Snocap melts barriers to growth in the  digital music marketplace|author=Yasmeen Coning/Julie Gladders|pub=Snocap|date=3 December, 2004}}
* {{source|url=http://www.cooltechzone.com/index.php?option=content&task=view&id=829&Itemid=0|title= Napster founder introduces new file-sharing service|author=Mahendra Hora|pub=CoolTechZone|date=4 December, 2004}}
* {{source|url=http://www.nme.com/news/110726.htm|title=Napster founder reveals new file-sharing project|author=|pub=NME.COM|date=4 December, 2004}}

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[[Category:Culture and entertainment]]
[[Category:Science and technology]]
[[Category:December 5, 2004]]
[[Category:United States]]
[[Category:Published]]
[[Category:North America]]
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.
Culture and entertainment Science and technology December 5, 2004 United States Published North America