Overpeer Shutters Operations

[dubstylee]

A leading service that attempted to dissuade people from using file-trading networks like Kazaa, by planting millions of fake files online, is being shut down. Seattle-based Loudeye said Friday that it is shuttering its Overpeer division, effective immediately, in an attempt to bolster the parent company's bottom line. Executives did not immediately return a request for comment. However, in a filing with federal regulators in November, Loudeye said the Overpeer division had seen declining revenues through much of 2005 and that a major client had dropped its services at the end of the second quarter. Overpeer rose to prominence in 2002, at the height of the Net's love affair with peer-to-peer networks, offering record companies and movie studios a way to discourage would-be file-swappers looking for hit music or films. The company used banks of servers around the world to plant false files, so that when a file-trader downloaded the latest Matrix movie, for example, it would often turn out to be garbage data, or an advertisement.

Read the complete article (http://www.zeropaid.com/news/6010/Overpeer+Shutters+Operations/)

[.:sp00ky:.]

great news.

maybe they are shutting down because p2p is now dead and we all use itunes *wink wink*

[zarquon]

They are shutting down cos fastrack is pretty much dead now with the new ruling, thus they have lost there main source of revenue.

[mountain_rage]

Ya their system is not effective on the new networks. I wonder if the riaa already broke contracts with them. This could mean that they are going to move in on the new networks.

[etabeta]

IMHO the latest Matrix movie was garbage anywayI

[Larry Vagina]

This is probably because they are becoming more evil and hidden and underground. Like they and the RIAA would ever just stop.

[ducttapeBigSexy]

Well, as long as I can still get my mislabeled files from Kazaa, I'm happy! *goes to download something and just gets Fight Club*

[kokanezub]

this is a week old.but still good