Grooveshark is a new p2p service which has come up with an new concept, the company intends to pay both the music labels as well as the music pirates through it’s service.
“Our bottom line is value. By bringing the convenience and selection of a peer-to-peer network together with the recommendation power of a community of friends — all the while removing DRM — we can generate revenue to compensate both copyright holders and users,” said Sam Tarantino, 20-year-old founder and CEO of Escape Media Group, the parent company of Grooveshark.
The idea is to include social networking with song search and sharing, while protecting themselves from potential lawsuits.
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