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Best Buy acquires Napster
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The following comments relate to this news article:
article published on 15 September, 2008
The retail giant Best Buy has announced the acquisition of Napster Online, the subscription music download service for $121 million USD in cash and investments.
The acquisiton values the music service company at about $2.65 USD a share, a 120 percent premium over its stock value at the bell on Friday.
Best Buy said the move was designed to have the retailer "reach new customers" while ... [ read the full article ]
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Junior Member
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15. September 2008 @ 18:38 |
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why?
What a waste of money!
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salsa36
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15. September 2008 @ 19:27 |
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Probably they haven't heard of ITunes.
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mikecUSA
Suspended due to non-functional email address
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16. September 2008 @ 02:01 |
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I've been a Napster subscriber for years. I have a "crazy-large" 3 terabyte collection. I have literaly everything I ever dreamed of having.
I used to have a huge Vinyl collection, but movihg place to place have lost stuff a buch.
Then I began MY CD Phase in 1992 -which lasted til 2001. Then started converting my CD's to WAVs AND THEN coverted CD's and WAVs to MP3.
Most of the music is DRM encrypted files, but I've also bought a lot of NON-DRM songs too.
I could never find all the Metallica albums on CD or vinyl before , but this week I bought every single one, incuding their brand new album. All from Napster.
I don't use I-Tunes, everything good is pretty much on Napster OR I already own it on CD.
Napster is GRRRREAT!
Especially with the ability to have a song but not necessarilly "own" my copy of it.
The ones I like enought to OWN, I go ahead and BUY!
I'm really glad Metallica has jumped on to the online distribution band wagon.
For $12.00 a month (Less than 3 cups of Starbucks coffeee) I have the whole word of music at my fingertips.
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SProdigy
Senior Member
5 product reviews
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16. September 2008 @ 10:51 |
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I've been a subscriber for a long time too. I really wish they wouldn't have moved away from WMA purchases, as I'm not a big fan of MP3 quality, nor the amount of space MP3's take up on a hard drive.
However, for the "wise", you can amass a huge library of music rather quickly, and $12 a month is only the price of a CD or so, for a lot more music.
The only annoying thing with Napster, is how they incorrectly tag some music, which may be the DB they get it from. An artist such as Aerosmith can show up as Rock, Pop, or Alternative. What's up with that?
On the article, this is just a move by BBY to shut out other retailers (ie. Circuit City) from sharing in Napster's revenues. I imagine their partnership with RealNetworks' Rhapsody wasn't working the way they would've liked it to, and thus the purchase of Napster made sense.
As for iTunes, Best Buy only carries iPods because it attracts customers into their store, especially to buy accessories or other things they can tack on. Best Buy has no way of making any real profit from an iPod sale, or iTunes gift card. If they can convince you to buy a Sansa or Creative player, and hook you into Napster, it gives them a continuous revenue stream.
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DVDdoug
Junior Member
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16. September 2008 @ 15:02 |
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They paid $170 per (current) customer for a company that lost $24 per customer last year.
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JRude
Junior Member
1 product review
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16. September 2008 @ 16:29 |
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BestBuy would have been better off divvying up CircuitCity! At least some actual real estate to dump later, and bigger share of the walk-in store traffic.
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nprfan
Newbie
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31. October 2008 @ 12:58 |
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sKrEwZ
Suspended due to non-functional email address
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31. October 2008 @ 13:19 |
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Another corporate take-over. I dropped Napster a while back. I don't really miss it too much.
Some assembly required.
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