Napster Founder Heads In New Direction
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It is a licensed file-sharing service with almost an unlimited selection of tracks that will give record labels a degree of control over file-sharing.
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Napster has claimed a first with the development of a subscription portable music service that delivers legal audio content to next-generation mobile phones.
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NEW YORK/TOKYO  - Napster Inc. NAPS.O said on   Tuesday it launched an online song distribution site in Japan,   challenging Apple Computer Inc. AAPL.O and popular music   phones.
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(InfoWorld) - Napster, the remade version of the popular Internet music sharing service, is in talks over a sale or possible strategic partnership, the company said Monday. The announcement comes as a steady stream of new competitors enter the market, includingÂ SanDisk with partner RealNetworks, andÂ Microsoft with its Zune MarketplaceÂ strategy. It also comes amid a sharp downturn in user figures for Napster, which has seen its user base erode to 512,000 users at the end of June, from 606,000 at the end of March. Napster said it has hired UBS Investment Bank to assist management in the "evaluation of strategic alternatives," in response to interest from a third party in potentially acquiring or establishing a venture with the company. Napster also said it remains in a strong position to continue building its own business, with or without such a deal, highlighting its cash position of $97 million. The announcement sent Napster's Nasdaq-listed stock up 12.4 percent in after-market trading, to $3.99. The company set no timetable for finalizing the evaluation, and said the talks may not result in any deals. Formed in 1999, Napster popularized peer-to-peer music sharing on the Internet, gaining notoriety when a recording industry lawsuit ultimately shut it down and set the precedent for further legal victories over similar online services. A few years after the legal defeat, RoxioÂ bought the rights to its name, and in late 2003Â re-launched itÂ as a legal music download store. Napster faced stiff competition from the moment of its rebirth, mainly from Apple ComputerÂ and its popular iPods, and the iTunes Music Store. Napster currently offers a free 512MB digital music player, or a 1GB one for $50 to users who sign up for its monthly service for three months. It also started an advertising-supported music service in May that allows users to listen more than two million songs at no charge, up to five times each. The company reported a net loss of $9.8 millionÂ in the three months ending June 30, on revenue of $28.1 million.
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Music download company Napster launches a service in Japan, the world's second largest music market
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Napster has unveiled a preview version of its forthcoming Napster To Go portable digital music subscription service. The offering will allow consumers to move an unlimited amount of music from Napster&#39;s catalogue
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A newcomer on the open source scene has received funding to expand operations and develop new product lines.
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Napster was a revolutionary product. It practically gave birth to the p2p industry on the Internet. It has lead to a stage that big corporations of the music industry are practically scared of losing a major chunk of their business from this phenomenon.
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Talk about changing your tune: Shawn Fanning, whose Napster software made it possible for music lovers to get songs over the Internet without paying for them, is going legit.
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Software developer Wurld Media has devised a way to bridge the gap between the freewheeling peer to peer downloads community and the music companies who would like to be paid.
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The cofounder of a Web site that offers free streamed music from top artists said he&#39;s determined to operate his service legally despite menacing overtures from Universal Music Group.
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MacCentral - Digital music service Napster LLC on Thursday announced the release of Napster To Go, a new Windows-compatible portable digital music subscription service that lets user move an unlimited number of songs songs from Napster to compatible MP3 players for a US&#36;14.95 monthly fee. A &#36;30 million marketing campaign kicks off Sunday during this year's Super Bowl, and is aimed squarely at Apple's iTunes Music Store.
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Musician intends to win back control of his copyright on the Web.
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Founder of open-source e-mail and calendaring software project decides to move on while calling on community to continue.
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The former CEO of NetScreen Technologies has moved on to a new upstart. Can he make the same magic work again?
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The Internet has long carried the promise of being an outlet for new writers, artists and independent musicians. But to David Pakman, the chief operating officer of eMusic, an online music distributor, that promise has been fading.
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Digital music provider Napster on Thursday teamed up with Dwango Wireless, hoping to corner a slice of the booming ring tone market.