MySpace and Snocap to roll out Digital Music Stores

MySpace and Snocap to roll out Digital Music Stores Leading social network site, MySpace, has formally announced a partnership with Snocap, an easy-to-use service provider for registering digital content and managing online distribution. The alliance will enable artists and labels to set the prices on their own music, while turning their MySpace profile into a digital music store front.

Snocap’s technology being utilized on the largest social networking site and one of the most visited web properties on the Internet is bound to make other digital music store providers a little nervous, such as Apple Computer Inc., Napster
Inc., RealNetworks Inc. and Samsung Electronics Co., Ltd. (Note: Naptster was originally founded by Shawn Fanning who after leaving Napster co-founded Snocap)
SNOCAP provides digital music technology and services to leaders in the global marketplace for digital music, including Universal Music Group, Warner Music Group, SONY BMG MUSIC ENTERTAINMENT, EMI, TVT Records, Artemis Records/Sheridan Square Entertainment, Beggars Group, Koch Records, Nettwerk Records, Matador Records, One Little Indian Records, Ryko Group and an extensive roster of other leading independent labels. Founded by Shawn Fanning, Jordan Mendelson and Ron Conway in 2003, the company is based in San Francisco, Calif.