April 25, 2009 |
Mention the name Shawn Fanning, and most people still picture a kid in his dorm room at Northeastern University in Boston, cooking up Napster, a file-sharing website that let users trade songs for free and triggered a financial tsunami in the music industry. Fanning, now 28 and living in San Francisco, is not only long out of college, but he's also moved on to his third company, Rupture. (His second one, music licensing company Snocap, was sold in April 2008 to Imeem Inc.
April 8, 2008 |
Fast-growing Imeem Inc. said Monday that it had bought Snocap, a struggling online music service co-founded by Napster creator Shawn Fanning. By buying Snocap, Imeem, which owns a social-networking site that lets users listen to free music and watch videos, signaled its intention to offer new ways to search, discover and sample digital media. Analysts said it also might mean the firm will start selling music and other content. The terms of the deal were not disclosed.
May 6, 2005 |
Record company EMI Group has signed an agreement with Snocap Inc., a legal music file-sharing company created by Shawn Fanning, who also created Napster, the most famous illegal file-sharing system. The agreement allows London-based EMI to use Snocap, a program that allows sharing but identifies copyrighted music files and prevents them from being traded unless the user pays a copyright fee. Terms were not disclosed.
December 3, 2004 |
At 19, Napster founder Shawn Fanning graced the cover of Time magazine as the velveteen-haired frontman for online music piracy. Now, at 24, his second set is taking a different direction: Legitimizing the revolution Napster started. Fanning's new company, Snocap Inc., aims to transform the music-swapping free-for-all Napster sparked into a vast online marketplace where people can buy authorized tracks from each other.
July 7, 2003 |
Napster the brand is going legit under new owner Roxio Inc. Now Napster the person is trying to do the same with an Internet start-up that could, once again, have a far-reaching effect on the music business. Napster creator Shawn Fanning is looking for backers of technology he's developing that would let file-sharing networks distribute music without violating copyrights, people familiar with the project said.
April 6, 2003 |
It was sheer anarchy. That's exactly what transpired in the late 1990s when teenage computer whiz and college dropout Shawn Fanning created Napster--a system that connected computer owners and allowed them to swap music files over the Internet. The $40-billion music industry reeled as a generation of young computer users, completely ignoring the notion of copyright, adopted a disturbing credo: Why pay for music you can get for free?