Napster founder Shawn Fanning introduces new file-sharing project
Sunday, December 5, 2004 SAN FRANCISCO —Shawn Fanning, the creator of Napster and a founder of Snocap, Inc., on Friday revealed his plans for a legal peer-to-peer file-sharing platform. Snocap has signed an agreement with Universal Music Group to make the company’s entire catalogue available through the new service. Financial terms of the deal were …