Snocap

Shawn Fanning, founder of Napster is back with a new company to make moves in the Digital Music arena.

Snocap is aimed at legitimizing peer to peer, end to end music distribution through networks sanctioned by music labels.

Once songs have been registered and copyright information has been placed in to Snocap’s database, the labels themselves are able to manage the P2P distribution of content by establishing business rules for individual tracks. There are other companies currently providing similar services but no doubt Fanning will receive a wealth of support through this due his former founding - Napster.

Snocap has signed an agreement with Universal Music Group to provide distribution of its full catalogue.

Snocap is set to go live later this year.

Snocap