Snocap, which was launched in December with the aim of enabling users to trade songs over peer to peer networks, had previously signed a deal with Universal Music and reports suggest that it is also in talks with record label EMI.
Thomas Hesse, president of Sony BMG’s global digital business, said he hopes the agreement will allow the music giant to expand its presence in the digital arena while helping to curb digital piracy.
Snocap uses audio fingerprinting technology to identify and track music as it is being swapped online. This allows record firms to define the usage rules for each title, including the rights and distribution charge for the music, and provides a cheap form of distribution.
Financial terms of the deal with Sony BMG were not revealed but the music company said it is already delivering and registering its content with Snocap.
