Online music service Napster—now a subsidiary of Best Buy—has been struggling to find an audience in a market dominated by Apple’s iTunes along with music and streaming services offered by the likes of Real Networks, Pandora, and others. Now, in an effort to draw more listeners to its service—and more dollars to its corporate checkbook—Napster has unveiled a new $5 per month streaming music option, which includes all the streaming music a listener can handle, plus five DRM-free song downloads per month which are the user’s to keep forever, regardless of whether they keep paying for a subscription.
Tag Archive: Napster
Best Buy Snags Napster for $121 Million
Consumer electronics retailer Best Buy has struck a deal to acquire online music service Napster in a transaction totaling some $121 million. The transaction has Best Buy paying $2.65 per share of Napster—just about double the company’s closing stock price last week; as part of the deal, Best Buy also get about $67 million in short term investments and cash held by Napster, making Best Buy’s net cost about $54 million. The companies expect the deal to close during the fourth quarter of 2008, with current Napster CEO Chris Garog and other key Napster execs entering into "employment agreements" with Best Buy…although we wouldn’t expect to see them turning up in those Geek Squad cars. Best Buy plans to keep Napster and its 140 employees located in Los Angeles.
Napster Takes a Chance on ABBA MP3s
If you just had to run out to see the film version of the musical Mamma Mia!—or, perhaps, got dragged there against your will—online music service Napster hopes you were sufficiently swayed by the the Swedish disco-pop of 70s supergroup ABBA that you’ll want to own their signature tunes for yourself. In fact, why stop with just the well-known hits like “Waterloo,” “Dancing Queen,” and “Take a Chance on Me?” Napster is offering the entire ABBA catalog in DRM-free MP3 format that’ll work on everything from iPods to Zunes to computers to phones!
It’s OK. We know. Take a moment to catch your breath.
Napster Offers 6 Million DRM-Free MP3s
Making good on the promise it made earlier this year to deliver DRM-free MP3s, Napster launched its new Napster Store on Tuesday, which it claims is the largest of its kind in the world. Without DRM, the technology that limits how users can share and play music, its MP3 downloads will be compatible with nearly every type of media player, including the iPod and iPhone.
Although its promise of 6 million tracks for download puts it roughly on par with iTunes’ DRM-protected offerings, making those tracks available without DRM undoubtedly makes Napster the largest DRM-free retailer. By contrast, iTunes offers about 2 million songs in its DRM-free “iTunes Plus” format, and Amazon’s completely DRM-free catalog includes roughly 3 million tracks.
AT&T Offers Napster Music to Mobile Users
AT&T and Napster have announced an expansion to their existing agreement that enables Napster users to transfer their songs to selected AT&T handsets. Under the new plan, AT&T customers will be able to download songs wirelessly from Napster’s catalog of about 5 million tracks directly to their cell phones. The songs will be priced at $1.99 each, or $7.49 for a bundle of five tunes: users who opt for the Five-Track Pack from their phone will receive their first five songs free.. The service is scheduled to be available in mid-November.
Napster Relaunches as a Web-based Service
The digital music service Napster is relaunching itself as a Web-based music service that enables its users to tap into their music from any Web-enabled computer without having to download and install client software. Dubbed “Napster 4.0,” the idea is to make Napster’s music service more flexible by being compatible with a wide range of Internet-enabled devices—with the hopes that, in turn, will attract more paying customers. Napster also hopes the move will appeal to consumer electronics manufacturers looking to offer direct integration with a music service, as well as third-party Web sites looking to offer music capabilities.
Napster Takes to the Air in Japan
Let the tunes begin.
Music pioneer Napster is launching a new over-the-air music download service in Japan, the company announced today.
Customers of NTT DoCoMo, Japan’s largest wireless carrier, will be able to use the service to download full-length songs to soon-to-be-released mobile devices, dubbed the 904i series—the new phones will also feature a Wii-like motion sensor for games. The mobile devices are compatible with DoCoMo’s iMode service.
AOL Ditches Music Now for Napster
Most of the recent news about former file-sharing bad boy Napster has been speculation about what company it might pick to be its new daddy. Despite giving away free MP3 players and a free ad-based music service to promote its online music services, the company has struggled to succeed in a digital music market dominated by Apple’s iTunes—especially since the Windows Media-encoded music offered by Napster doesn’t work in Apple’s iconic iPod media players. Although no one has said anything on the record, Napster is widely known to have been talking to several potential new owners.
Napster: We Think We’re Turning Japanese
Former online music bad-boy Napster today launched a Japanese version of its music subcription and download service, hoping to tap into one of the world’s largest music markets and give Apple’s iTunes a little dose of friendly competition. At launch the Japanese version of Napster is set to offer 1.5 million Japanese and international tracks.
"Napster is very pleased to bring the first music subscription service to Japan’s vibrant music and technology market," said Chris Gorog, Napster’s chairman and CEO. "Our joint venture with Tower Records Japan, the nation’s largest and most successful music retailer, has enabled us to deliver a product with a deep focus on local tastes and programming that also happens to offer the largest digital music catalog available in the market."
Napster Mulls Putting Itself on The Block
My, how the world turns. Former music-sharing badboy cum legitimate music download service Napster announced today that it has retained the services of UBS Investment Bank. The reason: to assist the board and company management in evaluating “recent third party interest” in acquiring the company and/or establishing strategic partnerships.
“Napster is in a strong position to continue aggressively building our business as an independent company and we are pleased to also have the opportunity to thoughtfully examine potential combinations that may further enhance Napster’s unique strategic and brand position in the center of digital media,” said Chris Gorog, Napster Chairman and CEO in a statement. “Our goal is to enhance shareholder value which could potentially lead to a new strategic partnership or the sale of the company but in any event our primary focus will remain on growing Napster.”




