newtley writes "Rumors are swirling about the pending demise of Napster creator Shawn Fanning's Snocap, says Michael Robertson, former MP3.com CEO who's now CEO of MP3tunes and founder and chairman of Linspire. "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.""
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Here's an article from the music distribution service CD Baby on why they ended up dropping Snocap completely. If you read the comments below it you'll see that Snocap is going out of business because it's a poorly run company that exploits and abuses the people it claims to help. Would Napster be anything without the FREE mp3s?
http://cdbaby.org/stories/07/10/19/0126457.html [cdbaby.org]
Some extra insight from CD Baby (Score:2, Informative)