Napster's Next Chapter: Merged Into Best Buy
from the yawn dept
Napster, which now has almost nothing other than its brand to connect it to the revolutionary music sharing service Shawn Fanning launched nearly a decade ago, is about to undergo its latest shift, as Best Buy has bought what remains of Napster for $127 million, representing a hefty premium on the already pretty weak valuation of the company. Ever since Roxio bought Napster -- and renamed itself Napster -- the company has tried to position its music subscription offering as a huge success, but there's been little evidence to back that up. Now selling off to Best Buy for such a low price pretty much confirms that there wasn't much there.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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Filed Under: downloadable music, mergers, subscription services
Companies: best buy, napster
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It kinda makes sense...
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Re: It kinda makes sense...
http://blogs.pcworld.com/staffblog/archives/007744.html
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Consumer
give us DRM free or ki$$ my a$$
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Re:
You mean digital music, not the mp3 format. The mp3 format doesn't have support for DRM, which is why it tends to be one of the preferred format for interoperability.
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What Price Is It?
Mike: Please clarify.
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Re: What Price Is It?
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Re: What Price Is It?
Best Buy to buy Napster for $121 million
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Re: What Price Is It?
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BestBuy finally wakes up
I don't use napsters and I don't particularly like bestbuy, but any competition for itunes is good for the media distribution industry.
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Re: BestBuy finally wakes up
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look out dude
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