Posts Tagged ‘Buy’

In a move to bolster it’s market share in the online, on-demand music industry, Rhapsody has agreed to aquire Napster subscribers and certain other assets from Best Buy, which will receive a minority stake  in Rhapsody. Rhapsody President, Jon Irwin, said in a statement,

“This deal will further extend Rhapsody’s lead over our competitors in the growing on-demand music market…. There’s substantial value in bringing Napster’s subscribers and robust IP portfolio to Rhapsody as we execute on our strategy to expand our business via direct acquisition of members and distribution deals.”

A Rhapsody spokeswoman has also stated that the company plans to re-brand Napster under the Rhapsody name. So, pretty soon after the deal finalizes on November 30, 2011, Napster will cease to exist once again. Bye-bye, Napster. Bye-bye.

Rhapsody is doing this mostly to obtain Napster’s subscriber base, hoping that it will strengthen their subscription music service at a time with Apple’s iTunes dominating the music market and other music services rising like Oakland, CA’s Pandora and Sweden’s Spotify. Will this help enough to keep Rhapsody competitive and viable in the on-demand music marketplace in the coming years? We shall see.

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RIP Steve Jobs

Posted: October 5, 2011 in News
Tags: , , , , , , , , , , , ,

Steve JobsSteve Jobs, co-founder of Apple Computers has passed away today, October 5, 2011. While Steve was not directly associated with the music industry and never really considered himself in the industry, he has forever changed the face of it with his inventions of Apple computers, the iPod, iTunes, iPhone, iPad, and more. Through these innovations and technologies, Steve and Apple have been able to sell over 10 billion music tracks. This has made Apple the number one music retailer in the US, surpassing both Best Buy and Wal-Mart, and holding over 80% of the market share.

Today, the Apple website posted the following message:

“Apple has lost a visionary and creative genius, and the world has lost an amazing human being. Those of us who have been fortunate to know and work with Steve have lost a dear friend and inspiring mentor. Steve leaves behind a company that only he could have built, and his spirit will forever be the foundation of Apple.”

RIP, Steve Jobs. You will be missed.