Napster 2.0’s sad song1 min read

Poor Chris Gorog. He’s the guy who predicted he could
make a hit out of a legal version of Napster, the renegade Internet
music file-sharing service that attracted 26 million monthly users until
it was driven into bankruptcy by record industry lawsuits.

That was back in 2002 when Gorog was CEO of Roxio, a CD-burning
software firm. He’d just struck a deal to acquire the insolvent Napster’s
assets – including its name and iconic kitty logo – for $5 million. Gorog
renamed his company Napster and launched a paid music subscription
service, insisting the brand alone would draw millions of customers.

Well, that didn’t happen.

More at Fortune

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