Peer Impact Sings Agreement with EMI
Posted on March 3, 2005
Wurld Media, Inc. has announced that Peer Impact, their peer-to-peer (P2P) online digital download service, will offer music from EMI Music -- the world's third largest recorded music company -- making Peer Impact the first peer-to-peer network in the world to sign agreements with the four major record labels. Peer Impact had previously announced agreements with Sony BMG, Universal Music Group and Warner Music Group. Peer Impact's technology allows consumers to purchase music but also to earn money by legally sharing their authorized music with others. Peer Impact, currently in beta testing, allows members to act as "paid redistributors" of authorized music content. Peer Impact is also negotiating partnerships with independent music labels, video game publishers, and motion picture studios, with the goal of the most complete and diverse catalogue of content for its members.
