Company type | Subsidiary |
---|---|
Industry | Online music |
Predecessor | pressplay |
Founded | March 2003 |
Defunct | November 2011 |
Fate | Acquired by Rhapsody International Inc. |
Headquarters | Los Angeles, California, United States |
Key people | Mike Davis, CEO[1] |
Products | Napster Napster to Go Napster MP3 Store |
Revenue | $111.08 million USD (FY 2007) |
$36.83 million USD (FY 2007) | |
Number of employees | 138 (2007) |
Parent | Best Buy (2008–2011) Roxio (2003–2008) |
Website | www |
Napster, commonly known as “Napster 2.0”,[2][3] was a music streaming service and digital music store, launched by Roxio in 2003 under the purchased name and trademarks of former free peer-to-peer file sharing software Napster in the aftermath of the latter's 2002 bankruptcy and subsequent shut down after a series of legal actions taken by the RIAA.[4] Roxio purchased Napster and a music streaming service called PressPlay in 2003,[3] to create a new legal online music service that lets users access music through a subscription or on a fee-per-song basis. Napster was later acquired by Best Buy. The service was acquired by rival Rhapsody in 2011.