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Article: Napster signs deal with another major label.(Company Business and Marketing)
- Article from:
- Network World
- Article date:
- January 3, 2001
- Author:
CopyrightCOPYRIGHT 2001 Network World, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Napster. Tuesday announced a tie-up with Germany's edel Music AG - one of the world's largest independent music labels - that will give the music-swapping Web service access to edel-owned titles.
The move is part of Napster's plan to turn its once free-of-charge peer-to-peer file-sharing system into a pay-for-play model to generate profits.
At the end of October last year, Napster took its first step in the new strategy, announcing a surprise deal with Bertelsmann AG BMG, one of its foes in an ongoing courtroom battle, to develop a membership-based file-sharing service. BMG agreed to drop its lawsuit against Napster once the membership-based service is ...