Word: napstering
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...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...
...Which doesn't mean this convergence won't happen. Once the judge successfully reissues her injunction (the appeals court sent it back for retooling), it should be only a matter of time before Napster goes online with a subscription model, even if only armed with BMG's considerable stable of artists...
...Napster and its glimpse at the file-sharing future have changed the music business, if only by showing it what changes are coming. But having seemingly failed to beat the Big Five, Napster now has to wonder what future lies in joining them. Mp3.com bought legitimacy from the Big Five and tried to become its own mini-label, never to be heard from again. Now, as Napster tries to put its bad-boy days behind it, the line on the other side of the law is forming: Gnutella, Aimster, Napigator, BearShare and any number of others. Like they say about...