Napster Offers $1 Billion

February 20, 2001 4:57 PM

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."

Maarten Goldstein

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fat mike

 reply
February 20, 2001 4:58 PM

1 biliion????????!
- prower
  
   reply
  February 20, 2001 5:01 PM
  
  Yes.. one BILLION dollars!!!
  
  (pinky in mouth)
  - Maarten Goldstein
    
     reply
    February 20, 2001 5:06 PM
    
    why make billions..when we can make millions !
    - Sniper21
      
       reply
      February 20, 2001 5:07 PM
      
      Minime, stop humping the giant laser. Why don't you and the giant laser get a room?
      
      pinky in mouth