Please ensure Javascript is enabled for purposes of website accessibility
Napster Sold to Tech Commerce Company for $207 Million
gvw_ap_news
By Associated Press
Published 3 months ago on
March 25, 2025

In this Aug. 2, 2006 file photo, promotional Napster stickers are seen at the Napster studio in Los Angeles. (AP File)

Share

Getting your Trinity Audio player ready...

NEW YORK — A brand that was notoriously connected to music piracy before reemerging as a subscription music service has been sold to Infinite Reality for $207 million.

The tech startup announced Tuesday it had bought Napster in hopes of transforming the streaming service into a social music platform where artists can connect with fans and better monetize off their work.

“The internet has evolved from desktop to mobile, from mobile to social, and now we are entering the immersive era. Yet, music streaming has remained largely the same. It’s time to reimagine what’s possible,” said Napster CEO Jon Vlassopulos in a blog post.

Among its plans to update Napster, Infinite Reality said it will create virtual 3D spaces that will allow fans to attend concerts, and give musicians or labels the ability to sell digital and physical merchandise. Artists will also receive a wider range of metrics and analytics to better understand the behavior of platform users.

“We can think of no better use case for our technology than putting it in the hands of music artists who are constantly pushing the boundaries of what’s possible,” said Infinite Reality Chief Business Officer Amish Shah.

Napster was launched in 1999 by Shawn Fanning and Sean Parker and quickly became the first significant peer-to-peer file-sharing application. It shuttered in early 2000s after the record industry and popular rock band Metallica sued over copyright violations. Rhapsody later bought the brand in 2011 and relaunched it as a music streaming service.

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

UP NEXT

Visalia Police Make Arrest in Deadly Hit-and-Run

Caitlin Clark Returns and Leads Fever to Upset Win Over Unbeaten Liberty

7 hours ago

Iran Fires Another Round of Missiles at Israel, and Explosions Are Heard in Tehran

7 hours ago

Israel Says Attacks on Iran Are Nothing Compared With What Is Coming

JERUSALEM/DUBAI (Reuters) -Israel pounded Iran for a second day on Saturday and Prime Minister Benjamin Netanyahu said its campaign would in...

6 hours ago

6 hours ago

Israel Says Attacks on Iran Are Nothing Compared With What Is Coming

6 hours ago

Military Parade Barrels Through Nation’s Capital With Tanks, Troops and 21-Gun Salute

7 hours ago

Authorities Still Searching for Suspect in Shooting of 2 Minnesota State Lawmakers

7 hours ago

Caitlin Clark Returns and Leads Fever to Upset Win Over Unbeaten Liberty

7 hours ago

Iran Fires Another Round of Missiles at Israel, and Explosions Are Heard in Tehran

8 hours ago

Stephen Miller’s Former High School Classmate Challenges His Deportation Policies

8 hours ago

‘We Will Kill You Dead’: Florida Sheriff’s Stark Warning to Demonstrators

9 hours ago

Trump Says ‘War in Israel-Iran Should End’

Help continue the work that gets you the news that matters most.

Search

Send this to a friend