Music licensor SNOCAP announced a third funding round of $15 million. SNOCAP licenses music from the major labels and other content providers, wraps it in DRM technology, and markets it to retailers. SNOCAP is the supplier for Mashboxx's upcoming P2P service.

Here is more about SNOCAP from their web site:

NOCAP, Inc. is the first end-to-end provider of digital licensing and copyright management services for the digital music marketplace. Founded by Shawn Fanning, jordan Mendelson and Ron Conway, SNOCAP's content registry and clearinghouse enables record labels, publishers and individual artists to sell their entire catalogs through peer-to-peer networks and online retailers.

SNOCAP brings the complete range of music that is currently available on peer-to-peer services to the paid digital music marketplace. The company is committed to dramatically improving the consumer's digital music experience and growing the overall market for music sales. SNOCAP provides operators of authorized peer-to-peer networks and online retailers with access to the largest music registry available today. In addition to new releases and current hits, SNOCAP's database encompasses live recordings, remixes, B-sides and out-of-print tracks culled from major labels, independent and unsigned artists.

SNOCAP offers labels, publishers and unsigned artists the ability to deliver their music to consumers in a manner and scale never before possible. Content providers can easily manage all aspects of digital distribution through SNOCAP's database, which enables them to establish business rules and maintain full control of their content across multiple online retail locations.