Putting the Napster Genie Back in the Bottle

"He wants to create an open system that would allow anyone with music to share - big labels and garage bands alike - to register their works with Snocap and set the economic terms under which songs could be traded. Snocap would collect the fees, using software that listens to each song in participating file-sharing services, matching songs that listeners order with those in the registry and forcing users to pay the price the song owner demands."

Putting the Napster Genie Back in the Bottle - New York Times [may require email reg.]