Word: napstering
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Dates: during 2000-2009
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...Under the plan, the Big Five would split $150 million annually, divvied up according to what percentage of their works are downloaded by Napster users. An additional $50 million a year would be split among independent music companies and artists...
...putting a concrete offer on the table," Hank Barry, Napster's chief executive, said, adding that talks along these lines with the record companies have been proceeding apace since last summer. Indeed, in November, Napster cut a deal with Bertelsmann to finance just such a transformation to a pay-for-play model...
...week after a U.S. appeals court affirmed in principle a circuit judge's order that Napster dismantle its "vicarious copyright infringement" business model - accompanied by a mad rush of users to its site - Napster figures to strike a deal while the iron is hot. And before its aghast users find someplace else...
...laying the offer out in the open, and hoping for the winds to start blowing. "If Napster is shut down," said Barry, "it's because, even though our users are willing to pay, the record companies don't want to take their money...
...these prices. As Richard D. Parsons, co-chief operating officer of AOL Time Warner (owner of Warner Brothers Music and this writer), Napster's proposal "doesn't solve the immediate problem" for an industry still pulling in $35 billion to $40 billion in annual sales, even swimming against the technological tide. The $1 billion proposal, Parsons told the New York Times, "does not strike me as being in the ballpark...