Napster Founder Fanning Gets P2P License | 11/16/2004 | File-swap firm gets license to sell music In another sign of the music industry’s grudging embrace of file-swapping technology, Universal Music Group has agreed to license its 150,000-song catalog to Snocap, a San Francisco company started by Napster founder Shawn Fanning.

Snocap, which has been operating in stealth mode for more than a year, will provide the technology to let listeners buy music legally distributed over Internet file-sharing networks. (Thanks, JD)