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Napster bidding war

26 February 2001 14:16 by Jari Ketola

After Napster had it's $1 billion offer to the record industry turned down, a small little-known dot-com company made its own $3 billion offer.

Of course the company, Minneapolis-based J. River, doesn't have a dime of the amount it's offering. The offer is based on the projection that millions of users are willing to sing-up and pay for a service like Napster. J. River assures that it should be able to pay the $3 billion over five years for rights to offer copyrighted music available through it's service.

Even though the bid probably isn't one to take seriously, it's clear that the recording industry can't hold back much longer. They have to start licensing their music for digital distribution. The only remaining questions are where and how.


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Related articles:

  • Napster traffic drops as the filters kick in (16 March 2001)
  • Napster to co-operate with Gracenote (13 March 2001)
  • Judge issues injunction in Napster case (6 March 2001)
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