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Napster Sale to Bertelsmann Blocked by U.S. Court

A U.S. court hammered the final nail in the coffin of maverick music service Napster on Tuesday when it blocked a bid by German media group Bertelsmann AG to buy the one-time cult and now defunct Web site. Killing off a deal to revive the bankrupt service that millions of fans used to swap music over the Internet, a U.S. bankruptcy court rejected Napster’s sale to Bertelsmann after record labels and songwriters opposed the deal, saying the offer price was not fair. Faced with no financing, no revenues and no other buyers, Napster said it would most likely be forced… Read more »


New Economy: Musicians Press Point In Online Rift

For years recording artists and the executives who promote their work have had a love-hate relationship. Executives at recording companies, which make billions of dollars a year distributing music on compact discs and in other formats, say their business is risky and they should be compensated for taking chances on young talent. Recording artists, for their part, have long grumbled that companies are too controlling, lining their pockets by exploiting musicians unschooled in business. Now, while the debate in the music industry has focused on how recording companies should deal with the public online, the controversy has also reheated long-simmering… Read more »

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