Bertelsmann confident Napster will reopen on time

Bertelsmann AG executives are predicting an early, successful start of Napster Inc.'s long-awaited new subscription file-sharing service.

"I'm confident that (the service will be relaunched) in the near-term, foreseeable future," Klaus Eierhoff, chairman and chief executive officer (CEO) of Bertelsmann's DirectGroup division, told reporters here Thursday. He added that nearly 2 million users have signed up for a beta test of the service.

"If that's not an expression of confidence, then I don't know what is," he said at the company's annual financial news conference.

Bertelsmann announced an "alliance" with Napster late last year, with a view to developing the upstart file-sharing company into a fee-based service. In July, a former executive of the German media conglomerate took over as Napster's CEO. Bertelsmann has not released details of the financial relationship between the companies, which Eierhoff termed a "financing agreement with option on majority."

The first steps toward clearing up Napster's legal problems have been taken, Eierhoff continued, mentioning a preliminary settlement signed Monday with the National Music Publishers' Association (NMPA) and songwriters it represents.

"That encourages us that the remaining legal questions will be settled," he said.

Napster still faces a legal battle with recording labels represented by the Recording Industry Association of America Inc. (RIAA).

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Rick Perera

Computerworld
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?