iMesh almost ready to become paid file-swap network

For more than six months, Israel’s iMesh has been the strangest of beasts in the file-swapping world: a fully functioning peer-to-peer network operating with the blessing, albeit temporary, of the recording industry. That status is coming slowly to an end. The company is working to build a record-label-approved peer-to-peer service, using song-filtering company Audible Magic’s technology to help turn unauthorized music trades into revenue for record labels. Originally expected by the end of last year, the song-sales service is taking longer than predicted. Company executives declined to comment on the details of the service, but said that progress on the new service has been satisfactory.

The Recording Industry Association of America, which settled a copyright lawsuit against iMesh last July on the condition that the company change its service, said it would wait a little longer.

“We’re willing to give them time to make it work,” said Jonathan Lamy, a spokesman for the RIAA.
CNet News,