Feeds

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

Coulda been a contender

Remote control for virtualized desktops

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?