Napster CEO Konrad Hilbers and Shawn Fanning, the service's creator, will remain with the company after resigning earlier in the week. Napster's going price: US$8 million.
A federal court has allowed record labels to continue a lawsuit against Bertelsmann and Hummer Winblad Venture Partners, both onetime backers of the defunct Napster file-swapping network.
The defunct file-swapping network's assets are expected to be bought by Bertelsmann in a bankruptcy court auction, and its future remains uncertain
Thomas Middelhoff's departure as CEO of Germany's Bertelsmann this week has all but cemented the victory of the old guard in big media following years of costly ventures by bold Internet experimenters.
Two major record labels filed suit Monday against venture capital firm Hummer Winblad Venture Partners for its investment in Napster, alleging that it contributed to rampant music theft through the former file-swapping network.
It took a boom and a bust to do it, but peer-to-peer technology is finding its post-Napster place in the world.
Former file-swapping wunderkind Sean Fanning has signed up to help CD-burning technology company Roxio build a reborn Napster service--but with a difference.
Without a doubt, one of the biggest stories of 2000 was the rise of Napster and the continuing saga of MP3. But, MP3 is just one of several digital audio formats widely used today.
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Google open-sources JavaScript tools
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