Word: napsterized
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Dates: during 2000-2009
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...Right now, we’re in the dark ages of the Internet era. Many of the dotcom pioneers, like Kozmo, are dead, with others like Napster currently crippled by the combined weights of the legal system and the music industry. Nevertheless, these companies, despite their flawed business models and execution, proved beyond argument consumer demand for Internet-enabled services, especially those that catered to people’s desire for immediate gratification. New entrants into these markets may not receive the tens of millions of dollars in venture capital funding that Napster and Kozmo got, but they might...
...focus of the digital-music debate is rapidly shifting. Once dominant song-swapping service Napster is a shell of its former self, with 1.6 million copyrighted tunes now fully blocked by court order. And the music industry has not wasted time before stepping into the void. Its first Ping-Pong ball was served in the early hours of Monday morning, when EMI, Bertelsmann and Warner Music--three of the labels long lampooned as dinosaurs that didn't get the Net--were inking a deal with Real Networks and AOL after a year of top-secret negotiations...
...website that wants to license recordings for you to download. Of course, AOL and Real.com are first in line. Real owns 40% of MusicNet; the three labels own 20% each. (AOL, Warner Music and TIME are divisions of AOL Time Warner.) But the deal is so unavoidably big, even Napster is thinking about signing...
...portal like AOL, discover any music you like and move it anywhere you choose, in a process so seamless that you won't mind paying for it monthly. The nightmare scenario: a poor selection of music in confusing and conflicting file formats that will drive you underground to a Napster clone like Aimster. So every portal needs to do a deal with MusicNet and Duet--at the very least. "None of these services can survive without content from all five major labels," says Dannielle Romano, music analyst at Jupiter Media Metrix. Not to mention the hundreds of independent labels they...
This is a tough business to take online, and it will need more than a few dazzling new services to succeed. No one knows that better than Napster CEO Hank Barry, who is still earnestly trying to fashion a legal compromise that will keep his company in the game (just like MP3.com which is still alive after losing millions in lawsuits to record labels). Along with Henley and Morissette, Barry tried to sell the Senate on compulsory licenses--giving websites the same status as radio stations, which pay royalty fees for playing music. Says Barry: "It's government intervention...