As a college student, Shawn Fanning infuriated record companies by designing Napster, the popular song-swapping software. But now he’s put himself firmly in the music industry’s corner.
Mr. Fanning’s new company, Snocap, is set to release a service that lets artists and record labels register their songs in an online database—so that the copyright holders can collect royalties when the tunes are swapped on the Internet. Snocap’s ultimate goal, Mr. Fanning says, is to help peer-to-peer networks transform themselves into legal downloading services. (Financial Times)
