Tech firm Infinite Reality — which specializes in AI-powered 3D immersive experiences — has agreed to pay $207 million for Napster, the 26-year-old music streaming service. The sellers are crypto investment firm Hivemind Capital Partners and blockchain firm Algorand, that acquired the platform in 2022. Infinite Reality is privately held, listing among its investors Liberty Media, Live Nation, MGM, T-Mobile and Barry Diller’s IAC. The company plans to steer Napster to superfan experiences, making it “more immersive, more social, and more shoppable.” Napster CEO Jon Vlassopulos, former global music chief at Roblox, will continue in his current post. Continue reading Infinite Reality Agrees to Acquire Napster in $207 Million Deal

“Downloaded” is a new documentary that examines the rise and fall of music file-sharing service Napster. The film tells the story of Napster co-founders Shawn Fanning and Sean Parker while providing details of the service’s launch in 1998 through its eventual 2011 acquisition by Rhapsody. It examines the downloading generation, resulting changes to the music industry, piracy and legal arguments, and the impact of services such as Spotify and iTunes. Continue reading Napster Documentary: The Music, the Battle, the Revolution