Napster is coming back as re-branded Rhapsody
Rhapsody is one of the first music streaming services that launched way back in 2001 as Listen.com. And now, the company is on the verge of finalizing a great relaunching as Napster, the name that was the home for your music piracy needs back in the late 90s and early 2000s.
“No changes to your playlists, favorites, albums, and artists. Same music. Same service. Same price. 100% the music you love. Stay tuned,” says a brief blog post on Rhapsody’s website.
Acquired by Rhapsody in 2011, Napster has a better global pull than the company. The service was unveiled in 1999 as a P2P site, allowing for the sharing of MP3s. It was shut down in 2001 because of numerous copyright infringement suits.
“As part of our plan to better position Rhapsody/Napster for long-term profitability and accelerated growth in a competitive global market, we have a new, streamlined structure for the company that unfortunately impacts a number of positions across our global offices,” said Mike Davis, CEO of Rhapsody. “We will handle the process with the deepest respect and gratitude for all affected individuals.”
According to Davis, the service experienced a 35% increase in subscribers last year and finished out the year with 3.5 million subscribers in 34 countries around the world.
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