Rhapsody is buying Napster

[WalkGood]

Not that I use either service but thought I'd pass on the news ... As the title states, Rhapsody is buying Napster for their subscriber list, the headphone cat logo and some other assets. Story from Wall Street Journal here.

[CrowdAds]

[JK98]

"In a sign that Best Buy's digital music ambitions have fizzled, the retail giant is selling its subscription online music service Napster to Rhapsody in exchange for an undisclosed equity stake in the combined company.
The deal comes just three years after Best Buy acquired Napster for $121 million in cash with the aim of building a vibrant digital music business to supplant plummeting CD sales. But Napster, which does not disclose its user base, has failed to gain much ground against industry giant iTunes despite promotions in Best Buy's retail locations.
Gartner analyst Michael McGuire estimated that Napster has 200,000 to 300,000 subscribers, down from 700,000 when Best Buy acquired the company in 2008."

http://latimesblogs.latimes.com/ente...-best-buy.html

[WalkGood]

JK98 merged yours into mine as it was posted prior to yours, rather than have two threads on the same subject.