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Is Shawn Fanning's Snocap melting?

Posted by Zonk on from the let's-all-remember-back-in-the-day dept.

newtley writes "Rumors are swirling about the pending demise of Napster creator Shawn Fanning's Snocap, says former MP3.com CEO Michael Robertson. 'Articles mention a sale, but more likely it will be a shuttering and quiet bankruptcy,' he believes. 'Snocap represents a commonplace occurrence in the music business — an unprofitable retailer which withers and eventually dies.'"

2 of 93 comments (clear)

  1. Re:Must be global warming's fault! by ms1234 · · Score: 2, Informative

    Thats what happens when the number of pirates go down (http://www.venganza.org/about/open-letter/)

  2. Snocap made the 2007 Digital Media Losers list by Anonymous Coward · · Score: 2, Informative

    Last week Snocap got pegged as among the year's top 11 losers: 6. Snocap Laid of 60% of workforce after losing CD Baby as a customer. CD Baby founder Derek Sivers offered illuminating insight to the eight-month partnership when he pointed to a paltry earning of $1,080 during the period. Snocap is now trying to re-define the direction of the company. http://www.mp3newswire.net/stories/7002/2007-losers.html