EMI Signs Deal With File-Sharing Firm
Record company EMI Group has signed an agreement with Snocap Inc., a legal music file-sharing company created by Shawn Fanning, who also created Napster, the most famous illegal file-sharing system.
The agreement allows London-based EMI to use Snocap, a program that allows sharing but identifies copyrighted music files and prevents them from being traded unless the user pays a copyright fee. Terms were not disclosed.
Snocap has already signed similar deals with New York-based Sony BMG Music Entertainment and Vivendi Universal of France.
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