12/11/2005

Clogger of P2P networks to shut down

Filed under: — By Aviran Mordo @ 7:05 am

A leading service that attempted to dissuade people from using file-trading networks like Kazaa, by planting millions of fake files online, is being shut down.

Seattle-based Loudeye said Friday that it is shuttering its Overpeer division, effective immediately, in an attempt to bolster the parent company’s bottom line.

Executives did not immediately return a request for comment. However, in a filing with federal regulators in November, Loudeye said the Overpeer division had seen declining revenue through much of 2005 and that a major client had dropped its services at the end of the second quarter.

Source: News.com

 

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