CenterSpan Communications tols this week that it has signed an agreement with Sony to use Sony's content in its P2P music network. CenterSpan agreed to pay $2M in cash plus 283,556 shares to Sony for the licensing. Sony also has an option to purchase more shares later.
CenterSpan's P2P network is based on assets it bought from bancrupt Scour, including Scour's Scour Exchange P2P network, back in 2000. Its P2P network only allows distribution of legal files and CenterSpan has tried to find ISPs and other partners who would start offering its service for their customers.