February 20, 2001: Napster’s One Billion Dollar Bribe

Napster

Napster

2001 – Napster took back a $1 billion offer to record labels, songwriters and artists for being able to continue pushing their music. They made the offer on Feb 18th, but the RIAA called them out.

Napster’s plan was to give major labels (in whole) $150 million per year for a non-exclusive license. Independent labels would be paid based on volume. The company would then initiate a membership fee to cover costs.

Wikazine – Full show notes for February 20

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Jeffrey Powers @geekazine

I love tech history. I enjoy how we evolved from computers that fill a room to computers we wear on our bodies. I have put a full archive of tech history together at Wikazine. You can also talk history at Google +. I am also a podcaster and V-caster at Geekazine and a Podcast Coach at How to Record Podcasts. You can also sign up for a Helpout

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