In March 2025, Napster, a once controversial music sharing platform, was acquired by Infinite Reality for $207 million. Infinite Reality, an e-commerce and digital media company, sees this acquisition as a strategic move to revolutionize the music industry. The company aims to create a next-generation music platform that offers a more interactive and social music experience for both artists and fans.
Napster, originally founded by Sean Parker and Shawn Fanning in 1999, faced legal issues in 2001 and eventually filed for bankruptcy in 2002. Over the years, the platform changed ownership multiple times, with Best Buy purchasing it for over $120 million in 2008. In 2020, Napster was sold to MelodyVR, and then again in 2022 to Hivemind and Algorand.
With this latest acquisition by Infinite Reality, Napster is set to undergo a transformation into a more immersive music platform that integrates 3D technology. Fans can look forward to exclusive virtual shows, direct interactions with their favorite artists, and the opportunity to purchase exclusive digital and physical merchandise.
As the music industry continues to evolve, Infinite Reality and Napster are poised to lead the way in creating a more engaging and innovative music streaming experience for both artists and fans.
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