Napster Jumps on Chart Bandwagon
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Napster will be launching its own downloaded music chart on Virgin Radio at 7pm on August 29th. The chart will be compiled from the top 20 most popular tracks bought each week from Napster UK service. The chart will also include tracks that have been ...
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(InfoWorld) - Napster, the remade version of the popular Internet music sharing service, is in talks over a sale or possible strategic partnership, the company said Monday. The announcement comes as a steady stream of new competitors enter the market, includingÂ SanDisk with partner RealNetworks, andÂ Microsoft with its Zune MarketplaceÂ strategy. It also comes amid a sharp downturn in user figures for Napster, which has seen its user base erode to 512,000 users at the end of June, from 606,000 at the end of March. Napster said it has hired UBS Investment Bank to assist management in the "evaluation of strategic alternatives," in response to interest from a third party in potentially acquiring or establishing a venture with the company. Napster also said it remains in a strong position to continue building its own business, with or without such a deal, highlighting its cash position of $97 million. The announcement sent Napster's Nasdaq-listed stock up 12.4 percent in after-market trading, to $3.99. The company set no timetable for finalizing the evaluation, and said the talks may not result in any deals. Formed in 1999, Napster popularized peer-to-peer music sharing on the Internet, gaining notoriety when a recording industry lawsuit ultimately shut it down and set the precedent for further legal victories over similar online services. A few years after the legal defeat, RoxioÂ bought the rights to its name, and in late 2003Â re-launched itÂ as a legal music download store. Napster faced stiff competition from the moment of its rebirth, mainly from Apple ComputerÂ and its popular iPods, and the iTunes Music Store. Napster currently offers a free 512MB digital music player, or a 1GB one for $50 to users who sign up for its monthly service for three months. It also started an advertising-supported music service in May that allows users to listen more than two million songs at no charge, up to five times each. The company reported a net loss of $9.8 millionÂ in the three months ending June 30, on revenue of $28.1 million.
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Napster founder Shawn Fanning has returned to the online downloading arena with the approval of some significant members of the music industry.
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Napster Inc. said on Tuesday its  digital music service is now available in Japan, which it  called the largest music market outside of the United States.
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With a 15 percent jump in revenue from subscriptions, online music retailer Napster said it spent less and lost much less in its third quarter than a year earlier.
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p2pnet.net News Feature:- Reports on Napster creator Shawn Fanningâs newest p2p application, Snocap, are doing the rounds. Snocap is a, âa proprietary Content Identification Service (CIS) that uses audio
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Napster launched a portable version of its digital music service in the U.S. and the U.K. on Thursday, hoping to tempt users with an "all-you-can-eat" monthly subscription model. Called Napster To Go, the company will charge users $14.95 in the U.S. and Â£14.95 ($29) in the U.K. per month, letting them download an unlimited number of songs onto compatible MP3 players as well as their PCs. Napster users can fill and refill compatible MP3 players with their choice of tracks, but must plug, or dock, the device into their PC at least once every 30 days into order for Napster to verify they are still paying customers. If a user stops paying their monthly subscription fee, the music will no longer play on the device. As with Apple's iTunes, Napster also offers users the option of buying individual tracks for $0.99 in the U.S. and Â£0.79 in the U.K. Napster is the first subscription music service to take advantage of new copy-protection software from Microsoft that allows users to listen to digital music over devices as well as on their PCs.ADVERTISEMENTWhite paper: Solutions to Address IT Control RequirementsLearn how BMC Software Solutions address requirements such as the Sarbanes-Oxley Section 404 in this 20 page whitepaper!
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Napster creator Shawn Fanning, who turned the music industry on its head with his file trading technology, has re-emerged with a new company that hopes to facilitate agreements between peer-to-peer services and the record companies, making it easier for
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Grokster, one of the best-known P2P services (at least one of the best-known by the RIAA &amp; co), has taken yet another step in its path to make its P2P service to please the record labels by teaming up with a start-up called Mercora to provide an artist
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Napster developer Shawn Fanning is back with a new file-sharing program -- but this time it&#39;s legit. Without revealing all the details of his new venture, Snocap, Inc.
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Napster, the subscription music-download service, is looking for a buyer. The company -- which got its start as a free music-download, file-sharing site -- said Sept. 18 that it has hired UBS Investment Bank to find a major strategic partner or to be acquired completely.
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Online music retailer Napster Inc. said Thursday it narrowed losses in its fiscal third quarter by adding subscribers and generating record revenue.
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All the labels are on the MP3 bandwagon, but it's not a road to nowhere.
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LOS ANGELES: The recording industry has turned to its former arch-nemesis, the founder of online music file-swapping service Napster, to help it beat the piracy that it once accused him of spawning.
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Investors appear enthusiastic about the prospect of a pure-play Napster.
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A site for searching, compiling and downloading music called BlogMusik acts like a publicly available online iPod for anyone to use. And it's only the beginning of a movement that could become the "Napster" of Web 2.0.  In Listening Post.
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Can we offer you a cute logo and losses? A brave Napster is willing to keep pounding away at the unprofitable online music market. Er, unless someone wants to buy the company.â¦