Ded Kitty

September 4, 2002 4 Comments by Derek Phillips

SAN FRANCISCO (Reuters) – Napster, the revolutionary Internet song-swap service hailed by millions of music fans but damned by the powerful recording industry, officially shut down Tuesday after a U.S. bankruptcy court blocked its final sale to German media giant Bertelsmann AG.

RIP

4 Comments

  1. Jake
    3444 days ago

    Dude. Napster’s been dead for a year and a half. Check out this February 2001 GLONO piece: http://www.gloriousnoise.com/arch/000346.php

  2. d. phillips
    3444 days ago

    Dude, there was a chance for reorganization but today they filed for Chapter 7, total liquidation. That means selling off the assets and all. Until today, there was a chance of a (watered down and shitty) version of Napster to resurface. This was just the last nail in the coffin, that’s all.

  3. Jake
    3444 days ago

    I like the fact that Bertelsmann’s $85M investment is being called a “loan” now: http://www.siliconvalley.com/mld/siliconvalley/news/local/3994793.htm Ha ha. Suckers. I wonder what that kid Shawn Fanning is doing these days… Hopefully, he was able to bank some of that dough before his shit got ruined.

  4. d. phillips
    3432 days ago

    And now it takes a trun toward the weird:

    One of the Internet’s leading purveyors of pornography has offered to purchase the Napster trademark and Web site address for nearly $3 million in hopes of cashing in on the bankrupt song-swap company’s notorious reputation.

    http://www.salon.com/tech/wire/2002/09/16/napster/index.html

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