IMesh Rolls Out New File-Sharing Software
Posted: Mon Nov 14, 2005 4:26 am
10/25/2005 7:20 PM, AP
Popular peer-to-peer, file-sharing service iMesh introduced new software Tuesday that allows users to legally share and buy music online.
The service offers access to 17 million music files. About 15 million will be available for free because copyright holders have not asked iMesh to block them.
Another two million protected releases will be sold for 99 cents per song or a $6.95 monthly fee. The company will pay record labels a portion of the revenue for each song downloaded or shared.
"This takes the peer-to-peer experience, turns it on its ear and it becomes a pay service," said Bob Summer, executive chairman of iMesh.
The move comes after New York-based iMesh paid $4.1 million to the recording industry in July 2004 to settle a copyright infringement lawsuit. The company also agreed to block users from trading unauthorized copies of songs.
For years, peer-to-peer networks have made it simple to illegally share music online. Sales of recorded music have declined as a result.
Users of iMesh can now legally access songs through the Gnutella network, where musicians and others post music for free sharing. In addition, songs can be bought from the four major music conglomerates.
Mitch Bainwol, chairman and CEO of the Recording Industry Association of America, said iMesh is another example of the growing online marketplace that respects the rights of musicians, songwriters, record labels and others.
"It is a significant moment in the transformation of the peer-to-peer model," he said.
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iMesh: http://www.imesh.com
source: music.yahoo.com
Popular peer-to-peer, file-sharing service iMesh introduced new software Tuesday that allows users to legally share and buy music online.
The service offers access to 17 million music files. About 15 million will be available for free because copyright holders have not asked iMesh to block them.
Another two million protected releases will be sold for 99 cents per song or a $6.95 monthly fee. The company will pay record labels a portion of the revenue for each song downloaded or shared.
"This takes the peer-to-peer experience, turns it on its ear and it becomes a pay service," said Bob Summer, executive chairman of iMesh.
The move comes after New York-based iMesh paid $4.1 million to the recording industry in July 2004 to settle a copyright infringement lawsuit. The company also agreed to block users from trading unauthorized copies of songs.
For years, peer-to-peer networks have made it simple to illegally share music online. Sales of recorded music have declined as a result.
Users of iMesh can now legally access songs through the Gnutella network, where musicians and others post music for free sharing. In addition, songs can be bought from the four major music conglomerates.
Mitch Bainwol, chairman and CEO of the Recording Industry Association of America, said iMesh is another example of the growing online marketplace that respects the rights of musicians, songwriters, record labels and others.
"It is a significant moment in the transformation of the peer-to-peer model," he said.
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iMesh: http://www.imesh.com
source: music.yahoo.com