I thought they were dead

Rhapsody has announced plans to acquire Napster, and I suppose the real question here is “Napster’s still around?”

Best Buy, which actually did own Napster, will retain a nominal equity stake, but Rhapsody will have all the subscribers and the IP. Says Rhapsody President Jon Irwin:

“This is a ‘go big or go home’ business, so our focus is on sustainably growing the company,” said Irwin. “We’re excited to welcome Napster music fans to the best on-demand music experience anywhere. Our new members will have more places to connect to the music they love and to discover new favorites, guided by Rhapsody’s rockstar editorial team and the tastes of other Rhapsody members via our innovative social features.”

Farker “Fark Me to Tears” quipped: “Rhapsody isn’t actually going to pay anything for Napster. They’re just going to download a copy of it.”

1 comment

  1. CT »

    5 October 2011 · 12:01 pm

    The real real question: Napster still has subscribers to be bought? Or are they all 10-year-old @hotmail addresses? Feels like Rhapsody is buying a pop-gun to fight the nuclear war vs. iTunes, Spotify, Turntable.fm, etc.

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