Imeem Confirms Snocap Acquisition

After a long search that turned up no other buyers, Shawn Fanning’s startup Snocap is being bought by music social network imeem. We first reported the deal in February. Imeem is officially announci

Who Bought Rupture?

We knew something was up when Shawn Fanning’s startup Rupture, an unlaunched social network around gaming, delayed and delayed their launch. Well, it turns out, say multiple sources, that Ruptur

Imeem Acquires Snocap

Digital music wholesaler Snocap, long searching for a buyer, is being acquired by music streaming site Imeem. The price will likely not be disclosed. Snocap was founded in 2002 by Napster creator Shaw

Snocap Drops 60% Of Staff And On The Market: Looking Good For The Deadpool

B2B digital music distributor company Snocap, the spawn of Napster founder Shawn Fanning, looks like its warming up for a Deadpool entry with confirmation by CNet that the company has let go of 60% of

Imeem Now Officially Legitimate

Social network Imeem and Snocap have officially launched their previously announced partnership to prevent copyright infringement and pay artists for the songs that people upload and stream to themsel

SNOCAP Announces Alliances with Major Labels

Back in September we reported that MySpace had begun allowing artists to sell music directly using SNOCAP MyStores. The service utilizes MP3s without DRM of any kind. Due to the DRM-free format, was u

Shawn Fanning's New Social Network Will Comply With WoW

A representative for Shawn Fanning called TechCrunch today to make it clear that the social networking site that the Napster founder plans to launch next year will indeed be compliant with World of Wa

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 te

SNOCAP Profile

Company: Snocap Location: San Francisco, California Status: Launched June 13, 2005 Founded: September, 2002 What is it? Snocap allows those who own rights to music to place them onto p2p networks and