MIT Offers Legal Cable File Sharing Alternative

Two students at the Massachusetts Institute of Technology have developed a system for sharing music over the university's cable television network that they say can avoid the copyright battles that have pitted the music industry against many customers because it falls within the time-honored licensing and royalty system under which the music industry allows broadcasters and others to play recordings for a public audience. [NYT]

Update: MIT has shut down the service while it hashes out the legal issues.