Napster to Merge With Rhapsody

Napster, the us dot-com bubble company that shook in the music business prior to being nearly prosecuted from existence, will merge with Rhapsody, a competing subscription service with privileges to 13 million tunes.our editor recommendsBest Buy to get Napster for $121 milRhapsody Takes Shot At Spotify's Biz Model Napster continues to be operating like a unit of Best To Buy because the electronics store purchased for $121 million 3 years ago, lengthy after it abandoned its illegal file-discussing ways and grew to become a decent, otherwise lucrative, business. The the deal introduced Monday weren't revealed, with the exception that it offers Best To Buy taking an equity stake within the merged Rhapsody-Napster entity which the transaction should near by the finish of November. Rhapsody is really a music service spun from RealNetworks that features about 800,000 having to pay customers. Napster's user metrics haven't been revealed. The merged company, though, has its own work work for this with competition -- in a single form or any other -- from the kind of iTunes, Spotify, The planet pandora and Obvious Funnel Radio's digital initiatives. Related Subjects Obvious Funnel Communications iTunes Rhapsody