Sony Eyes File-Sharing Venture

Sony BMG Music Entertainment and online peer-to-peer software distributor Grokster are working on a new venture that is expected to offer paid and free song downloads over the Internet, sources say.

Details of the venture, dubbed Mashboxxx, haven’t been finalized but the service would allow users to download promotional versions of songs by Sony BMG acts at no charge and buy licensed versions, sources familiar with the venture told The Associated Press on condition of anonymity.Currently, file-sharing services like Grokster enable computer users to search, download and distribute music files of all types, but most are copies of CD-quality recordings.A spokesman for Grokster Ltd. confirmed the two companies are working on the new service, but declined to elaborate.

News source: Forbes

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