Napster acquired by Infinite Reality for $207 million
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00:00Hey Millennials, remember Napster? The once popular free music sharing service that shuttered
00:05in 2001 has now been acquired by Infinite Reality for $207 million. The company plans
00:12to use the Napster brand to create virtual 3D spaces for music events and merchandise
00:17sales in the metaverse. CEO John Acunto believes Napster's legacy makes it a strong platform
00:23for connecting music communities. This follows the trend of reviving iconic tech brands like
00:28Kodak and Nokia.