Feeds

Right idea, wrong time: Snocap's corpse washes up at Imeem

Coulda been a contender

Designing a Defense for Mobile Applications

Timing is everything in business, and having a visionary idea too early can prove fatal. So it is with Shawn Fanning's Snocap, which has formally announced today that it's being acquired by Imeem. Or what's left of it - most Snocap employees were laid off last year, with Fanning long gone.

Snocap was created to provide the mechanics and infrastructure for a "legal P2P" system based around collective licensing. There were two parts to the masterplan: a database of artists, and watermarking technology which permitted network operators to track the flows of songs around networks, so rights holders could be compensated according to usage.

That was a prophetic and incredibly far-sighted decision to take in 2002. But it's only now the major labels are even contemplating a collective licensing regime. Long time copyright reform advocate Jim Griffin has been hired by Warner Music with the first goal to license US universities, we reported here.

Silicon Valley VCs are notorious for not understanding "old" media businesses, and most wish they would simply go away. (They're not alone in lacking the vision thing: Ars Technica first described Snocap with the headline "Fanning behind new, pointless P2P scheme. So what should have been the cornerstone for the biggest change in copyright in 100 years won't be around to reap the rewards.)

And for their part, many in the music business now regret not licensing Fanning's first venture, Napster. Counting was so much easier.

Snocap was sidetracked from the masterplan, licensing music and building digital stores. The database registry has seven million songs, the company says.

Terms of the deal were not disclosed. ®

Using blade systems to cut costs and sharpen efficiencies

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.