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Now, only superstars like Ulrich can make money on streaming. The indie artists who were fine with Napster in 1999 are now protesting outside Spotify’s offices and working to unionize.
Napster was founded by Shawn Fanning and Sean Parker. [3] Initially, Napster was envisioned by Fanning as an independent peer-to-peer file sharing service. The service operated between June 1999 and July 2001. [4]
Sean Parker (born December 3, 1979) is an American entrepreneur and philanthropist, most notable for co-founding the file-sharing computer service Napster, and was the first president of the social networking website Facebook.
In 2002, Roxio bought the assets of the original Napster at its bankruptcy auction and acquired PressPlay in May 2003 for $40 million. [5] After integrating the services, Roxio launched a revamped Napster in October 2003, whereby users were able to download songs a-la-carte or pay for a monthly unlimited download and streaming media service.
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On June 1, 1999, Fanning released a preliminary beta program of Napster and soon, hundreds of college students at Northeastern were trading music. [2] Sean Parker was the co-founder. They got the name from Shawn's Harwich High School nickname "Nappy", in reference to his hair texture.
Lots of Napster kerfuffle going on this week. Powerpage contributing editor Bob Snow’s take on it is that Napster’s big mistake was hiring Microsoft to handle the security element of their ...