Overpeer Shutters Operations

**dubstylee** · December 9th, 2005, 04:34 PM

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.

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**.:sp00ky:.** · December 9th, 2005, 04:58 PM

great news.

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

**zarquon** · December 9th, 2005, 05:57 PM

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** · December 9th, 2005, 10:13 PM

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.