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Napster creator reveals next step |
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| Fri, December 03 2004 | 4:01PM | PermaLink |
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Napster creator Shawn Fanning has spoken publicly about his new project - a licensed file-sharing service with an almost unlimited selection of tracks.
The new technology gives consumers greater access to licensed downloads, while affording the record labels some degree of control over file-sharing.
Mr Fanning, now head of Snocap Inc., became the scourge of the recording industry for his Napster software.
"We're trying to basically open the market up," he said on Thursday. After years of blaming file-sharing services for billions in lost revenue, music labels are now looking at various ways to legitimise these services.
Mr Fanning says his system allows a legalised exchange of songs while enabling record labels to block unauthorised versions of their music - provided those tracks have been registered with Snocap.
The system uses an "acoustic fingerprinting" technology to identify each track, allowing Snocap to filter out unlicensed or spoof versions of songs.
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