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Napster Offers $1 Billion

by Maarten Goldstein, Feb 20, 2001 4:57pm PST
Related Topics – RIAA

In a last effort to prevent a shutdown, Napster has offered the record companies $1 billion over 5 years to allow the continuation of the file-swapping service. This would give the five major record companies $150 million a year, and an additional $50 million would be shared by independant labels. This money would be generated by the subscription service Napster will be introducing later this year. The response from the RIAA? Negative, as you might've expected

"To the management of Napster I say again: You claim you want to be legitimate and negotiate licenses based on real business models," [RIAA Chief Executive Officer Hillary] Rosen said. "I urge you to act accordingly. Stop the infringements, stop the delay tactics in court, and redouble your efforts to build a legitimate system."




Comments

39 Threads* | 99 Comments*











  • anyone notice Rambus and Riaa both begin with the letter R, I smell somthing very fishy here. Rambus shutsdown the PC world by making RAM illegal without "first-born" licensing agreements enforced by the lowest bottom feeding layers money can buy and Riaa shutsdown the music industry the even lower bottom feeding lawyers... hmmm

    Mr. President, weh just haffa finda R in lawyers... lawyeRs MR. PRESIDENT, I HAVE UNCOVER CONSPIRACY... LAWYERS ARE THE ROOT CAUSE kaboommmm

    RIAAAMBUS Incorporated, LLC, PMRC
    MEMO: ALL YOUR BASE ARE BELONG TO US!
    SINCERELY,
    TEH LEGAL EAGLES















  • And now, Maya Angelou for Napster:
    ----------
    Ah, Napster.
    How shall I thank thee for letting me steal so easily?
    I pluck thy fertile musical bush daily, you see.
    Recording Industry Association of America
    Pish-Posh I say.
    You don't want to help your employees,
    You simply shiver at the thought of musical bushes.
    Napster Services Incorporated,
    I solute your devoted ignorance to one's conscience.

    Although, the question must be asked:
    Does Satan listen to mp3s?
    ----------
    This has been Maya Angelou for Napster.