AfterDawn: Tech news

CenterSpan got additional $1M in investments

Written by Petteri Pyyny (Google+) @ 29 Jun 2001 14:34

CenterSpan Communications, current owner of Scour Exchange P2P service and brand, has just closed an additional round of funding getting $1M from undisclosed investors. This brings its latest round to total sum of $6.4M in investments.
Analysts have been pointing out that specially Microsoft has been very interested on company, specially because it is the only high-profile gated P2P service at the moment that uses Microsoft's DRM (Digital Rights Management) service and Microsoft's Windows Media format in its service. And in other hand Microsoft has been in bumpy road in last few months when it has tried to convince record labels that it doesn't want world dominance in this particular area as well (although everybody knows it wants just that, the thing is - how much of the power it's willing to leave for the labels).

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