March 27, 2007 |
Bertelsmann said Monday that it had settled the last lawsuit filed by a record company over the German media conglomerate's role in funding the original Napster electronic file-swapping service that was once the scourge of the music industry. The deal all but ends years of effort to settle scores over the program that brought file-swapping to the masses, letting more than 40 million users download music without paying for it.
March 15, 2007 |
Bertelsmann, Europe's largest media company, doesn't have to disclose its communications with lawyers in its legal fight with record companies over its ties to Los Angeles-based music downloading service Napster Inc., a court said. A federal appeals court in San Francisco ruled that companies including EMI Group, the third-largest record company, didn't prove a fraud that would override lawyer-client confidentiality.
January 13, 2007 |
Napster Inc. will become the exclusive music subscription provider for AOL, replacing AOL's Music Now service and bringing Napster closer to 1 million customers. AOL's 350,000 paying music subscribers will be switched to Napster accounts over the next 60 days unless they opt out, the companies said Friday. Los Angeles-based Napster had a total of 566,000 customers as of Dec. 31.
January 3, 2007 |
Apple Computer Inc., Google Inc. and Napster Inc. were sued by online movie distributor Intertainer Inc. and accused of infringing a patent on a way to distribute digital entertainment over the Internet. Apple, maker of the iPod music player; Google, the most-used Internet search engine; and Napster, a seller of songs online, are using the patented technology without permission, Intertainer said in a complaint Friday in federal court in Marshall, Texas.
December 13, 2006 |
The San Francisco investment firm behind the first widely used file-swapping service has agreed to settle a multibillion-dollar copyright lawsuit filed by two record labels. Hummer Winblad Venture Partners, which put $13 million into Napster Inc. in 2000, has been defending its role in the suit by Universal Music Group and EMI Group. The labels accuse Hummer Winblad of helping Napster's tens of millions of users steal an unprecedented volume of music through their linked computers.
November 9, 2006 |
Napster Inc. said its fiscal second-quarter loss narrowed from a year earlier, beating Wall Street estimates, as the online music service saw a boost in revenue. The Santa Clara-based company, which said in September that it was exploring a possible sale, reported a net loss of $9 million, or 21 cents a share, for the fiscal quarter ended Sept. 30. That compared with a loss of $13.6 million, or 32 cents, a year earlier. Revenue increased 9% to $25.5 million.
October 26, 2006 |
Record labels and music publishers won a round in their copyright lawsuit against Napster and its two lead investors when a judge ruled Wednesday that Hummer Winblad Venture Partners improperly urged its employees to delete e-mail about the pioneering song-swapping service. If the 3-year-old San Francisco lawsuit reaches trial, jurors will be told they can infer that the e-mail would have hurt the venture capital firm's defense, U.S. District Judge Marilyn Hall Patel ruled.
September 19, 2006 |
Napster Inc., which has struggled to find an audience despite being one of the best-known brands in online music, has hired an investment bank to explore a sale or strategic partnership. The Los Angeles company said Monday that it had hired UBS Investment Bank to assist in evaluating its options. "Our goal is to enhance shareholder value, which could potentially lead to a new strategic partnership or sale of the company," Napster Chairman and Chief Executive Chris Gorog said.
August 3, 2006 |
Napster Inc. said its fiscal first-quarter loss narrowed from the year-earlier period as the Los Angeles-based online music service posted record revenue and boosted its subscriber rolls during the quarter. For the quarter ended June 30, Napster's loss was $9.8 million, or 23 cents a share, compared with $19.9 million, or 46 cents, in the year-earlier period. Revenue rose to $28.1 million, up from $21 million a year ago. Shares of Napster rose 13 cents to $2.75.
May 31, 2006 |
Maybe Napster had it right. Federal antitrust investigators are reexamining the online music pioneer's long-standing claims that the major record labels improperly conspired to keep authorized downloads off the Internet, said people familiar with the matter.