RazorPop, a peer-to-peer(P2P) file-sharing developer and distributor, announced plans today to create the RazorPop P2P Music Subscription service. The unlimited music subscription offering is similar to those from Yahoo and Napster. RazorPop is the developer of the multi-network TrustyFiles P2P file sharing software.
RazorPop offers music rights holders, including labels, composers, and publishers, a percentage of the subscription revenue, similar to licensing deals that have been entered into with iTunes and other centralized online music services. An independent clearinghouse will hold and disburse licensing fees. An industry research firm will sample network downloads and allocate payments among rights holders. [more @ www.addict3d.org]