Napster in big trouble?

According to an article in Rolling Stone magazine, the P2P-turned-to-legal-music-store, Napster, might be in serious trouble in various fronts. At least four of its executives have left the company since its launch four months ago and the parent company Roxio has lost 60 percent of its stock market value during that period as well.

However, company denies alleged problems and is quickly to point out that they've managed to sell over 5 million songs since the launch and have received an additional $22.5M from investors to fund the operations. But company has suffered couple of major defeats, most notably the HP's decision to abandon the already-agreed deal to bundle Napster into its new computers and instead opted to utilize Apple's iTunes service.

Source: RollingStone.com

Written by: Petteri Pyyny @ 10 Mar 2004 14:17

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6 comments

Nephilim

The sooner these worthless scams die the better.

10.3.2004 14:37 #1

pcshateme

hmmm.... $1.99 a song- only top 40 songs to chose from

OR

irc, kazaa, bit torrent- get full albums of anything you could want for free

10.3.2004 14:55 #2

bird1234

And the people who download for free, and not pay for them if they like them, is who causes problems for all of us.

11.3.2004 04:04 #3

DaOsT

bird1234 I agree with the others irc p2p bit torrent ......I personally have over cd 400 albums at home far more cd singles than I care to count and as far as vinyl goes got a cupboard full of it n would rather let it rot than get the pittance back its worth now ....n I never listen to most of it I musta been outta My mind buying 99% of it

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11.3.2004 05:23 #4

GrayArea

bird1234, Questions for you, seriously. I want to know your opinion on this. If you do not use P2P or "pirate" digital media in general, what problems are P2P users causing you? Other than the industry attempting to crack down on what they consider to be illegal, which affects mainly file sharers, what problems are P2P causing for "all of us"?

11.3.2004 07:28 #5

goodswipe

hey penis bird I most certainly believe you "download" either music or movies off of P2P networks, otherwise you would not be a member of this site. Do you come just to read the articles on "how to rip music and how to get movies onto a cd"?? And please dont post anymore comments that make no sence whats so ever

12.3.2004 09:31 #6

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