imeem buys out Snocap
Social networking website imeem recently bought Snocap Inc, a firm that digitally tracks content and was founded by Napster guru Shawn Fanning.
No reports about how much imeem paid for Snocap have been revealed. Snocap pioneered a system of digital fingerprinting, which provides technology to find unauthorized music that has been uploaded to any website that utilizes the service.
MySpace, which recently launched an all-new service for music downloads, among other things, already uses the service to allow its users to legally sell music downloads through MySpace web pages.
The Snocap technology that powers MySpace’s digital tracking will continue to be run be imeem. This news shouldn’t have any real impact on music downloads on the consumer side as it is really just a business deal.
Snocap was founded in 2002 and has been used by MySpace since 2006. In 2007, imeem annouced a partnership with Snocap.
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Franca Richard 09Apr08
An interesting post which makes me joining myspace, :0
Sachin 09Apr08
imeem continues to be ahead of the game.
Franca Richard 14Apr08
I ve joint myspace and username is colorfulmars!
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