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.

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Companies: best buy, napster

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Comments on “Napster's Next Chapter: Merged Into Best Buy”

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Mogilny says:

BestBuy finally wakes up

Digital media is going to rock CD, DVD, and BluRay sales. BestBuy needs Napsters to recuperate lost revenue. Napsters’ measly 700000 user will dramatically increase with BestBuy’s distribution and promotional reach.

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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