COPYCENSE

"Three major recording companies have agreed to make their music available to be shared and sold over a new online file-swapping service that aims to lure music fans away from rival services where trading of music and movies remains unfettered.

"Universal Music Group, Sony BMG Music Entertainment and Warner Music Group – three of the four major recording companies – have licensed their catalog of music to Saratoga Springs, N.Y.-based Wurld Media, the firm said Wednesday.

"Wurld Media plans to launch its file-sharing software, dubbed Peer Impact, early next year.

"The company said it would allow consumers to buy and share music, video and other content, while ensuring ‘that artists and rights holders receive their due compensation for each file shared on the network.’ The company added that the service would only distribute media that is licensed or in the public domain."

Alex Veiga. 3 Giants Create New Online Music Service. WashingtonPost.com. Nov. 26, 2004.

See also:
Katie Dean. P2P Tilts Toward Legitimacy. Wired News. Nov. 24, 2004.

(Editor’s Note: The Post allows free access to their stories on the Web for 14 days before sending the stories to the paper’s fee-based Archives.)

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