Saturday, October 6, 2007

Grooveshark: Legal P2P Trading, Everybody Gets Paid

Rev2 writes about social music site Grooveshark:

The way that Grooveshark works is that, in typical P2P manner, you download their software and specify the folder where your existing music collection exists (i.e. iTunes’ My Music folder). Your music is made available to other Grooveshark users to purchase through their website for $0.99, from which you get purchase credits for sharing based on a unique contribution-ranking system of theirs, and the record label and artists get a cut out of.

Read more here

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