|Roxio Plans To Revive Napster Service|
|Home Theater News Music - Download Technology News|
|Written by AVRev.com|
|Wednesday, 26 February 2003|
Roxio Inc, the current owners of the Napster name and it’s associated intellectual property, has just announced that they are in negotiations with the five major record labels to provide content for a new-pay-per download online music service. This news comes just one day before AOL announced the launch of their revamped downloadable music service called MusicNet on AOL.
Roxio, most well know for their CD-creation software titles such as “EZ CD Creator” and “Toast” purchased Napster for five million dollars at a bankruptcy sale in November of 2002. They have hired Napster founder Sean Fanning as a consultant and has stated that the new version of Napster will not be based on the original peer-to-peer concept. A spokeswoman for Roxio says that they will work with the major labels to ensure that the service is 100% legal and does not infringe on copyright laws.
Music giant Bertelsmann had plans to resurrect Napster last year and pumped large amounts of cash into the company to keep it alive but never launched a new version of the service.
Roxio plans to have Napster v 2.0 up and running before the end of 2003.
Source: AP Newswire