Napster now the exclusive music service from AOL
The Internet music platform Napster will become AOL's exclusive subscriber music service in the future. The competitor to Apple's iTunes will thus replace AOL's Music Now service and take over its 350,000 paying members.
The Internet music platform Napster will become AOL's exclusive subscriber music service in the future. The competitor to Apple's iTunes will thus replace AOL's Music Now service and take over its 350,000 paying members.
The customer transfer is expected to be completed within the next 60 days, as reported by SDA on Friday. Napster investors reacted enthusiastically: the shares shot up 14 percent before the stock market launch. AOL is the Internet division of media conglomerate Time Warner. The formerly well-known music exchange Napster was closed in 2001 after a series of court cases. Then Napster was taken over by software company Roxio, which relaunched Napster as a legal website in 2003. Roxio eventually also took over the Napster name and went public in 2005. However, Apple dominates 80 percent of online music sales with iTunes.
The customer transfer is expected to be completed within the next 60 days, as reported by SDA on Friday. Napster investors reacted enthusiastically: the shares shot up 14 percent before the stock market launch. AOL is the Internet division of media conglomerate Time Warner. The formerly well-known music exchange Napster was closed in 2001 after a series of court cases. Then Napster was taken over by software company Roxio, which relaunched Napster as a legal website in 2003. Roxio eventually also took over the Napster name and went public in 2005. However, Apple dominates 80 percent of online music sales with iTunes.
