Original
Middelhoff: Give Napster Time
Bertelsmann AG chairman and CEO Thomas Middelhoff has asked the record companies to “keep Napster alive” until an effective transition into a legitimate model occurs July 1. Otherwise, Middelhoff said Monday, 70 million users will be forced to go to other services – a move that he thinks would be a major loss for the record industry. However, if Napster fails to have a legitimate solution by July 1, Middelhoff said, the file-swapping service should be shut down. Bertelsmann and Napster entered into a strategic alliance in October. Middelhoff’s speech during a town hall meeting at the Beverly Hilton was… Read more »
