Napster Snapped Up for $207 Million to Build Music Metaverse
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Infinite Reality announces $207M Napster Purchase
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"Napster revolutionized digital music in the nineties, and now, with Infinite Reality, we're ready to do it again," Vlassopulos said. "The internet has evolved from desktop to mobile, from mobile to social, and now we are entering the immersive era. Yet, music streaming has remained largely the same. It’s time to reimagine what’s possible.”
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Founded by Shawn Fanning and Sean Parker in 1999, the original service let users freely share MP3s before legal battles with record labels and artists like Metallica shut it down in 2001.
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