Hmm…a PR release announcing a new P2P subscription service. The RazorPop P2P Music Subscription Service will offer unlimited music files for download at $9.95 a month and include copyright infringement insurance of $5,000 per subscriber. Since RazorPop distributes the free TrustyFiles P2P software which gives search and download from Kazaa, Gnutella and BitTorrent, this is very strange. Note that TrustyFiles does not have a brilliant reputation.
The music subscription launch is predicated upon execution of licensing agreements with music industry rights holders. RazorPop is providing a simple form agreement that can be executed electronically to expedite clearances and to avoid the need for regulatory intervention that would not be in the best interests of content owners or distributors. RazorPop will not comment on the status of in-progress confidential negotiations, but music industry receptivity has been encouraging.