MySpace To Sell Music Through Snocap
MySpace is getting into the
music business. They announced today that they will allow nearly 3
million unsigned bands to sell their music directly to Myspace users. Snocap will provide the back end technology for the service. Fox Interactive, MySpace’s parent company, also took options to purchase SnoCap stock pursuant to the deal.
The music will be sold in MP3 format without copy protection of any kind. This comes as major labels are starting to experiment with free music downloads, albeit with copy protection.
It’s unclear whether Myspace will also offer music from major labels
pursuant to the deal. The agreement does not prohibit these sales, and
Snocap has deals with most major labels. Downloads of music from labels
would require copy protection pursuant to Snocap’s existing deals.
From Techcrunch
