Three major recording companies have agreed to make their music available to be shared and sold over a new online file-swapping service that aims to lure music fans away from rival services where trading of music and movies remains unfettered.
Universal Music Group, Sony BMG Music Entertainment and Warner Music Group - three of the four major recording companies - have licensed their catalog of music to Saratoga Springs, N.Y.-based Wurld Media, the firm said Wednesday.
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