Snocap Opens Up To Independent Artist

Reuters: The P2p music registry service Snocap will allow independent artists and small record labels to register their songs to receive payment when they are traded over the P2P networks.
Three out of the four major labels -- Universal Music Group, Sony BMG and EMI Group -- have registered their songs with Snocap, as have larger independent labels like TVT and Rykodisc. Snocap said it is in talks with the fourth major label, Warner Music Group.