Mr. Egan, the co-owner and president of the independent music label Vagrant Records, had heard about the software — which let users trade songs over the Internet without paying artists or labels — and could not imagine how such a setup could benefit his business.
Even as the major labels of the music industry pursue file traders for copyright infringement through lawsuits and the court of public opinion, Vagrant and many other independent label owners cheer them on. File sharing, these owners say, helps their small companies compete against conglomerates with deeper pockets for advertising and greater access to radio programmers.
