Lord_of_the_Dense
November 16th, 2004, 07:38 PM
LOS ANGELES - Universal Music Group has licensed songs from its stable of artists including U2 and Eminem to a company that has developed technology designed to prevent the unauthorized distribution of audio tracks over online file-sharing networks, a source familiar with the venture said.
The record company signed the deal with San Francisco-based Snocap Inc. with an eye toward eventually having its music sold over one or more file-sharing networks, the source told The Associated Press on condition of anonymity.
So far, the major record companies have opposed licensing their content to file-sharing software firms, refusing to offer their artists' music for sale while unauthorized, CD-quality versions of the songs are being traded for free over the same networks.
Read entire story here (http://story.news.yahoo.com/news?tmpl=story&cid=495&e=2&u=/ap/20041117/ap_en_mu/legal_peer_to_peer).
The record company signed the deal with San Francisco-based Snocap Inc. with an eye toward eventually having its music sold over one or more file-sharing networks, the source told The Associated Press on condition of anonymity.
So far, the major record companies have opposed licensing their content to file-sharing software firms, refusing to offer their artists' music for sale while unauthorized, CD-quality versions of the songs are being traded for free over the same networks.
Read entire story here (http://story.news.yahoo.com/news?tmpl=story&cid=495&e=2&u=/ap/20041117/ap_en_mu/legal_peer_to_peer).