Beta
×

Welcome to the Slashdot Beta site -- learn more here. Use the link in the footer or click here to return to the Classic version of Slashdot.

Thank you!

Before you choose to head back to the Classic look of the site, we'd appreciate it if you share your thoughts on the Beta; your feedback is what drives our ongoing development.

Beta is different and we value you taking the time to try it out. Please take a look at the changes we've made in Beta and  learn more about it. Thanks for reading, and for making the site better!

Best Buy Coughs Up $54 Million For Napster

ScuttleMonkey posted more than 6 years ago | from the so-i-heard-you-got-robbed dept.

Businesses 164

MarketWatch reports that Best Buy has decided to toss $54 million into an acquisition of Napster. All told, the deal amounts to around $121 million, with about $67 million headed towards getting cash and short-term investments from Napster's balance sheet. "The deal will give Best Buy an online digital music retail outlet as well as a subscription streaming service that has about 700,000 subscribers. That could help Best Buy to compete against retail giant Wal-Mart, which has its own online digital music offering."

Sorry! There are no comments related to the filter you selected.

Frosty! (-1, Offtopic)

Anonymous Coward | more than 6 years ago | (#25012013)

go loonix!

... and somehow, they managed to make it suck more (5, Funny)

Anonymous Coward | more than 6 years ago | (#25012027)

Good work, Best Buy. That takes effort.

Re:... and somehow, they managed to make it suck m (0)

Anonymous Coward | more than 6 years ago | (#25012779)

Required tag: deadhorse.

Just a name... (3, Interesting)

religious freak (1005821) | more than 6 years ago | (#25012069)

$54 million for just a name? Sounds a little high to me.

Re:Just a name... (5, Funny)

jep77 (1357465) | more than 6 years ago | (#25012129)

Well it was either that or buy naming rights for a stadium. They may have made the wrong choice.

Re:Just a name... (0)

Anonymous Coward | more than 6 years ago | (#25012647)

No, $54 million for a household name plus a turn-key service with all of the infrastructure that they can simply re-brand and begin making money immediately.

Re:Just a name... (2, Informative)

larry bagina (561269) | more than 6 years ago | (#25012827)

Roxio didn't do a particularly good job of making money with the napster name.

Re:Just a name... (3, Insightful)

Ethanol-fueled (1125189) | more than 6 years ago | (#25013315)

Nobody did a good job of making money with the Napster name after Napster wasn't free anymore ;)

It hard to see how Best Buy will make Napster worse because Napster started to suck the second they became a pay service -- Unlike the Geek Squad, which I heard were respectable until they became Best Buy's monkeys. Note: You'd be surprised what the "Geek" Squad can't fix!

I know because I worked for a contractor that took care of Best Buy's warranty laptop repair and we were doing things like malware removal and OS/driver reinstalls.

Re:Just a name... (2, Funny)

penguinstorm (575341) | more than 6 years ago | (#25013261)

Since when was Napster a household name? It's so far off the cultural radare you couldn't hit it with a Phoenix missile.

Those crazy kids today haven't ever even used Napster. It's like talking to them about the Love Boat: they just get a blank look in their eyes, and nod accommodatingly.

As for my general thoughts on this, I'll try to be brief.

WTF?

Re:Just a name... (1)

gstoddart (321705) | more than 6 years ago | (#25012743)

$54 million for just a name? Sounds a little high to me.

I must say, I had more or less the same reacion. So, this says all things considered, they're spending about $121 million for Napster.

What, exactly, are they getting for this? Sure, Napster is a well known name, but so are Edsel and New Coke. ;-)

Does anyone have any insight into what about Napster in its current state (or any other) that actually makes any sense whatsoever to spend this kind of money?

I just don't see it.

Cheers

Re:Just a name... (1)

Karlt1 (231423) | more than 6 years ago | (#25013041)

I must say, I had more or less the same reacion. So, this says all things considered, they're spending about $121 million for Napster.

Napster has $67 million in cash and no debt. So while Best Buy is actually paying $121 million for Napster, they also get the $67 Million in cash -- that's where the $54 million fogure came from.

Re:Just a name... (1)

Kent Recal (714863) | more than 6 years ago | (#25013627)

Sounds like a great deal!

Hey BestBuy, listen up:

I'm the exclusive rights-holder of the globally established trademarks "drm-infested-music.com" and (related) "dim-executives.com".
We both know that your brand-portfolio will never be complete without them, therefore I will (reluctantly) agree to sell it to you for the unbeatable (discounted, all-inclusive, wholesale, excl. tax) price of only 100 million US-dollars.

In order to make the deal more attractive to your shareholders I hereby agree that we pretend I'd have 50 million US dollars in the bank along with the trademarks, thus we can close the deal if you send me a cheque covering only 50 million US-dollars! This 50% monster-discount is only valid till the end of this month, act now!

Re:Just a name... (0)

Anonymous Coward | more than 6 years ago | (#25012791)

Just a name? They had $127M in revenue last year.

Re:Just a name... (0)

Anonymous Coward | more than 6 years ago | (#25012911)

For a name and a huge subscriber base...

Re:Just a name... (1)

BPPG (1181851) | more than 6 years ago | (#25013011)

Not just the name, but the existing subscribers too. Or at least, the existing subscribers that don't care about who owns napster.

When you're talking music industry, your primary commodity is not the music, it's the people.

Re:Just a name... (1)

globaljustin (574257) | more than 6 years ago | (#25013537)

Seriously, it IS just a name. Napster hasn't been worth anything since it stopped being a p2p filesharing network...well, scratch that...the name 'napster' is worth whatever people will pay for it, in a sense...

I have no idea how Best Buy financial analysts could think that "napster" is work that much.

It's deals like this that explain why US business is doing so poorly

Re:Just a name... (1)

gEvil (beta) (945888) | more than 6 years ago | (#25014119)

$54 million for just a name? Sounds a little high to me.

Oh c'mon. Who hasn't done something stupid when they were high?

Hey, blue-shirt bitches! (3, Funny)

Anonymous Coward | more than 6 years ago | (#25012073)

That's a lot of Monster Cable money your bosses just threw away. Betcha they didn't buy a warranty, either.

Re:Hey, blue-shirt bitches! (-1, Offtopic)

Anonymous Coward | more than 6 years ago | (#25012145)

If you weren't AC, you would have gotten +1

Can anyone explain... (4, Insightful)

Darundal (891860) | more than 6 years ago | (#25012077)

...how this wasn't a giant waste of cash and a sign that Best Buy is run by PHBs? Honestly, I understand the reasoning (online is where music distribution is, at this point, which cuts into their bottom line), but the Napster brand is, at least last I knew, pretty much useless as a brand. If I am wrong, someone please correct me.

Re:Can anyone explain... (4, Interesting)

garcia (6573) | more than 6 years ago | (#25012231)

but the Napster brand is, at least last I knew, pretty much useless as a brand. If I am wrong, someone please correct me.

Well, give them a chance, maybe they'll start giving out free music again, just like Napster was when the brand actually meant something more than stocks and dollars changing hands.

Re:Can anyone explain... (1)

commodoresloat (172735) | more than 6 years ago | (#25014287)

Well, give them a chance, maybe they'll start giving out free music again

Sure, that's exactly what I would expect Best Buy to start doing.

Re:Can anyone explain... (5, Insightful)

Anonymous Coward | more than 6 years ago | (#25012319)

Wow, it just goes to show how out of touch geeks are.

Ask an average non-geek about napster and they will know automatically that its a music outlet much like itunes. They won't know that it sucks, they won't know much about it at all, but it is a well known brand. So yes if marketed correctly it could be very profitable.

But it will still suck

Re:Can anyone explain... (2, Informative)

larry bagina (561269) | more than 6 years ago | (#25012959)

Maybe it shows how out of touch you are. Roxio bought the napster name in 2002. They spent a lot of money on advertising and marketing. They failed miserably. The only people that make money on music downloads is the RIAA.

Re:Can anyone explain... (1)

XHIIHIIHX (918333) | more than 6 years ago | (#25013119)

The only people that make money on music downloads are the RIAA lawyers.

fixed that for you

Re:Can anyone explain... (0)

Anonymous Coward | more than 6 years ago | (#25013165)

Tell Steve Jobs that...

Re:Can anyone explain... (1)

Kent Recal (714863) | more than 6 years ago | (#25013725)

Well, I don't know which average non-geeks you asked but most non-geeks I know have never heard about napster.
Napster was a short fad back in 2000 and probably there are still some people out there who remember it - but it's nowhere near as known as iTunes or, say, mp3.com

50 million dollars can buy *a lot* of marketing. One has to seriously wonder why they didn't simply start a new brand instead of paying so much for a partially tainted (not everybody remembers the good days of napster) and effectively dead one...

Re:Can anyone explain... (3, Interesting)

Registered Coward v2 (447531) | more than 6 years ago | (#25012703)

...how this wasn't a giant waste of cash and a sign that Best Buy is run by PHBs? Honestly, I understand the reasoning (online is where music distribution is, at this point, which cuts into their bottom line), but the Napster brand is, at least last I knew, pretty much useless as a brand. If I am wrong, someone please correct me.

Napster is a well known brand - and brand awareness is valuable - most folks have no idea whether Napster is good or not - but they know teh name.

Best Buy essentially hedged its bets on the future of music distribution. WalMart is pushing to reduce the price of music it sells - as well as floor space dedicated to CD's. Wal-Mart's clout is driving the retail CD sales industry and labels are forced to play ball or risk losing significant sales volume; especially since WM really doesn't care if the carry a specific CD since it's contribution to revenue is small unlike the labels where a 10% sales drop can be very expensive. This is forcing the labels to rethink distribution, and Best Buy needs a foot in the door as the market evolves. It isn't just about online purchases but in stor kiosks and cheap memory cards / CD burns to sell a broder catalog at a much lower costs to the store - read higher margins.

Napster gives them a quick and cheap way to get into the business without screwing up the Best Buy brand (I won't touch taht with a 10 foot pole) since problems will be associated with Napster, not BB. As it grows and the bugs get worked out they can transition to a BB branded service.

Finally, it also gives them a way to move into the iPhone market *if* they can get a purchase app on the iPhone. Once they get it (Napster) up and running they are no longer trheatened by online purcases reducing CD sales as tehy have a foot in that market as well. In fact, depending on teh margins, they may prefer it.

Re:Can anyone explain... (1)

fracai (796392) | more than 6 years ago | (#25013205)

Finally, it also gives them a way to move into the iPhone market *if* they can get a purchase app on the iPhone.

Hmmm, unlikely.

It would probably duplicate functionality [blogspot.com]

This is interesting (5, Interesting)

nauseum_dot (1291664) | more than 6 years ago | (#25012123)

I think this could eventually give Best Buy some leverage in selling electronics because they will package downloads with the sale of mp3 players. I think they may be putting together enough clout to give Apple a good scare.

Re:This is interesting (1)

Spazztastic (814296) | more than 6 years ago | (#25012205)

Or they've just taken on a burden that will dampen their sales.

Re:This is interesting (5, Insightful)

UnknowingFool (672806) | more than 6 years ago | (#25012403)

Seriously do you think Apple is scared of Best Buy? Apple isn't scared of Wal-mart which is larger, has a better IT infrastructure, and can get better deals with the media companies. The main reason Apple isn't scared is that iTunes Store exists only to sell more iPods and AppleTVs. It makes some profit but the company's future isn't bet on it. If iTunes Store were to shut down tomorrow due, it really would not hurt Apple. The problem for Best Buy leveraging downloads to sell mp3 players is that they offer nothing special and are really late to the game. Which DRM would they use? PlaysForSure? We all saw what happened to other MS partners. That would also eliminate their iPod customers as well. No DRM. They have to compete with Amazon and Apple with 700K singles compared to millions for each for Amazon and Apple. Would their integration be as easy to use as Apple or even MS Zune or would it be like every other player out there?

Re:This is interesting (1, Insightful)

Chrutil (732561) | more than 6 years ago | (#25012775)

iTunes Store exists only to sell more iPods and AppleTVs.

Actually I think the long term plan for apple is the reverse.
When you buy an ipod they make like 20 bucks (or whatever) on the deal, with all the costs involved in making the hardware.
When they, by using that ipod they sold you, tie you into becoming a subscriber (eventually) spending all your bucks for music, movies, tv shows and all your other media needs on *their* itunes infrastructure, making 30% on all your media, then that's way more worth for them than an ipod sale.

^C

Re:This is interesting (3, Informative)

samkass (174571) | more than 6 years ago | (#25012985)

When they, by using that ipod they sold you, tie you into becoming a subscriber (eventually) spending all your bucks for music, movies, tv shows and all your other media needs on *their* itunes infrastructure, making 30% on all your media, then that's way more worth for them than an ipod sale.

Are you saying that Apple is lying in their SEC filings? Because from everything they've reported to their shareholders, what you say is the opposite of true. Maybe someday the iTunes store will turn into a cash cow, but right now it's smaller and more or less break-even. As of the latest quarterly report, Apple was making at least twice as much revenue and better margins from hardware sales as store sales.

The big advantage Apple gets when you buy things from the iTunes store is that most of it only works with other iPods, so the next hardware purchase will likely also be an iPod (75%) instead of a SanDisk (15%) or one of the other bit players like Microsoft (2%).

Re:This is interesting (0)

Chrutil (732561) | more than 6 years ago | (#25013337)

Are you saying that Apple is lying in their SEC filings? Because from everything they've reported to their shareholders, what you say is the opposite of true.

Of course I'm not saying that they are lying, but filings report results, not strategy.
I'm saying that iTunes and the iTunes store is a long term strategy for Apple.
Take it ten yerars down the line, and if apples strategy pans out and the iTunes store really replaces purchasing CDs, DVDs/Blu-Rays off amazon, pay-per-view, watching tv shows, and other things still in its infancy, then people will find themselves spending much more money on itunes than on the hardware.

^C

Re:This is interesting (1)

wcb4 (75520) | more than 6 years ago | (#25014013)

Its unfortunate how powerful that lock in really is. There are so many MP3 players out there that are so much more functional, and sound better. The Cowan offerings, and even Creative's Zen Vision series (M30, M60 and W) are much better (sound and video quality), and support a shitload more formats than anything form Apple. The lock with iTunes purchases becoming worthless bits if you switch away from Apple makes most of those offerings a non starter.

Re:This is interesting (1)

onefriedrice (1171917) | more than 6 years ago | (#25013229)

You think the markup for iPods is only $20?...

Re:This is interesting (1)

Lumpy (12016) | more than 6 years ago | (#25012811)

Apple isn't scared of Wal-mart which is larger, has a better IT infrastructure, and can get better deals with the media companies.

I spit coffee all over the monitor on that one.. have you EVER seen the inside of WalMart's IT? Their IT people are bungling and everything is done as cheap as possible. I had a fight with their Senior Networking specialist on how it's impossible to use Cat-5 for telephone use when trying to get a phone line into a subway store. (I so am glad I don't help with Subway IT anymore.. that was a consulting gig that sucked.)

Re:This is interesting (3, Insightful)

ajlitt (19055) | more than 6 years ago | (#25012979)

Why is it impossible? Does POTS not run over 24 gauge twisted pair?

Re:This is interesting (1)

Lumpy (12016) | more than 6 years ago | (#25013079)

yes it does, and CAT-5 is simply telephone wire.

the moron at Walmart corporate IT thinks that it wont work because and I quote... "Cat 5 is for digital communication. it works for Ethernet, Voip and DSL but not analog voice lines."

I was stunned at what he said and asked several times if he was serious.

Re:This is interesting (1)

ajlitt (19055) | more than 6 years ago | (#25013925)

Post his snail mail address. I think last weekend's newspaper had a $5 off coupon on Monster Cable EXTREME HD silver satin phone cable.

I can only guess (1)

XanC (644172) | more than 6 years ago | (#25013207)

That the GP was on the pro-POTS-over-Cat-5 side, although his comment is at best vague.

Re:This is interesting (1)

KUHurdler (584689) | more than 6 years ago | (#25013047)

so, why can't you use Cat-5 for phone lines? I use it all the time.

Re:This is interesting (0)

Anonymous Coward | more than 6 years ago | (#25013173)

Apple isn't scared of Wal-mart which is larger, has a better IT infrastructure, and can get better deals with the media companies.

I spit coffee all over the monitor on that one.. have you EVER seen the inside of WalMart's IT? Their IT people are bungling and everything is done as cheap as possible. I had a fight with their Senior Networking specialist on how it's impossible to use Cat-5 for telephone use when trying to get a phone line into a subway store. (I so am glad I don't help with Subway IT anymore.. that was a consulting gig that sucked.)

um...why couldn't you use cat5 for POTS?

Re:This is interesting (2, Interesting)

xenocide2 (231786) | more than 6 years ago | (#25013423)

Wal-Mart is known for their massive infrastructure at corporate, logging the sales of their product and warehouse inventory in real time (or very close). At one point my alma mater received a donation of an 82 processor system from them; Pentium Pros, presumably ousted for Xeons by 2000. I don't envy the graduate student employed to make such a beast run to where it's worth having powered on!

I'm sure there's dumbass field technicians out there that you'd have to interact with as a tenant of Walmart, but I only hear praise for their internal IT machine. Which side of the Cat-5 debate were you on?

Re:This is interesting (1)

Lumpy (12016) | more than 6 years ago | (#25013581)

The Walmart guy claimed he was well informed and would not move from his "you can not use cat5 for analog, the wire is designed for digital communications only."

Re:This is interesting (1)

jedidiah (1196) | more than 6 years ago | (#25013641)

That may or may not be true, but they are still stomping all over the rest of the retail space with it.

Those "bungling IT people" are a large part of the reason Walmart
is putting all of it's other competitors out of business.

Re:This is interesting (2, Interesting)

Grishnakh (216268) | more than 6 years ago | (#25014211)

The few times I ever go to Wal-Mart, I don't see any benefit from these IT people, even if they aren't bungling. Instead, all I see is a lot of hassle in shopping there, from spray-paint cans that are locked away (unlike at Lowe's) and require a 30 minute wait to get a manager to open the display case, to a store that looks dingy and nasty, to horrible customers who let their 8 kids run wild all over the store, to parking lots where people who can't drive constantly run into each other.

I almost never shop at Wal-Mart any more because it's such a miserable shopping experience. If I want cheap stuff, I go to Target instead. Maybe it has something to do with my particular area, but around here the Wal-Marts are all like a zoo, and seem like a good place to get attacked by gang members, whereas my local Target is clean, and the customer base seems much less dangerous than the one at Wal-Mart.

Re:This is interesting (1)

commodoresloat (172735) | more than 6 years ago | (#25014057)

Seriously do you think Apple is scared of Best Buy? Apple isn't scared of Wal-mart which is larger, has a better IT infrastructure, and can get better deals with the media companies.

Hell, Apple isn't even scared of Apple! (Apple Records that is).

Re:This is interesting (2, Insightful)

jcr (53032) | more than 6 years ago | (#25012459)

I think they may be putting together enough clout to give Apple a good scare.

Considering the number of "ipod killers" and "itunes killers" that have come and gone so far, I think that anyone at Apple who felt even a twinge of anxiety over this would be overreacting.

-jcr

Re:This is interesting (1)

ucblockhead (63650) | more than 6 years ago | (#25013853)

Yeah really. Given that both Microsoft and Sony have completely failed to produce an iTunes killer, I find it hard to think that Apple is worried about Best Buy.

Did you hear that, Steve Jobs? (4, Funny)

bigtallmofo (695287) | more than 6 years ago | (#25012133)

In your face, Steve Jobs!! You and your lame iTunes store are screwed now!

Expect all kinds of innovation from this combined entity... Like 98.9 cent downloads. Store name that ends in "ster". More.

Re:Did you hear that, Steve Jobs? (4, Funny)

BitterOldGUy (1330491) | more than 6 years ago | (#25012249)

and the opportunity to purchase an extended warranty on your downloads for 49.95! Protects your investment!

Stupid (3, Interesting)

Bill, Shooter of Bul (629286) | more than 6 years ago | (#25012155)

Investors are always saying stupid things like " this could help them compete with Walmart which has its own digital music service". Is walmart's digital music service good? Is is profitable? Does it do anything now, or will it ever, to contribute to the companies bottom line in any way what-so-ever?

Most of the time, just like this time, its just ridiculous.

Re:Stupid (3, Insightful)

oahazmatt (868057) | more than 6 years ago | (#25012307)

Is walmart's digital music service good? Is is profitable?

Wal-Mart has a digital music service?

In all seriousness, I did not know this. I never see it advertised anywhere.

Re:Stupid (1)

nawcom (941663) | more than 6 years ago | (#25012381)

Yes; you listen to music via 2 plastic cups that are connected via a really long string.

Re:Stupid (0)

Anonymous Coward | more than 6 years ago | (#25012527)

Wal-Mart has a digital music service?

In all seriousness, I did not know this. I never see it advertised anywhere.

Yeah, they do. And even there you'll want to be carrying a concealed weapon.

Re:Stupid (1)

Grishnakh (216268) | more than 6 years ago | (#25014233)

I always bring my gun with me to Wal-Mart on the few occasions I go there. I take it the Wal-Marts in your area are also full of gang members?

Re:Stupid (4, Informative)

Otter (3800) | more than 6 years ago | (#25012575)

I'd never heard of it either, but -- here you go [walmart.com] .

$9.22 albums, DRM-free MP3s, can't purchase on Firefox or on non-Windows. Not bad, if you have Windows and IE. Does browser ID-spoofing work?

Re:Stupid (2, Interesting)

morgan_greywolf (835522) | more than 6 years ago | (#25012655)

Not bad, if you have Windows and IE. Does browser ID-spoofing work?

No, but this does the trick. [virtualbox.org] ;)

Re:Stupid (1)

Rayeth (1335201) | more than 6 years ago | (#25012715)

Even more epic than the knowledge that this exists is that you can't get to it on Firefox! Coded for IE only with "improvements coming soon" for Firefox. Welcome to the Internets of the 90s WalMart.

Re:Stupid (1, Funny)

Anonymous Coward | more than 6 years ago | (#25013289)

Wal-Mart has a digital music service?

Go into a store some time. They have racks of CDs. Sure, it's limited selection, but those CDs are the popular (i.e. high-selling) stuff. Everyone would love to have their CDs for sale at Wal-Mart, so yeah, they have a formidable digital music service.

And I didn't see any tapes last time I was there. I think they may be completely out of the analog market.

Re:Stupid (2, Interesting)

oahazmatt (868057) | more than 6 years ago | (#25013585)

Actually I haven't shopped at Wal-Mart in a long time. A primary factor in that decision goes back to when I had bought a CD from their music section and afterward realized they had "sanitized" the lyrics without giving any notice to the purchaser, as if they were doing me a favor.

Re:Stupid (1)

jedidiah (1196) | more than 6 years ago | (#25013777)

Walmart is a lot like Microsoft in this respect. Their online store can
be crappy for 10 years while they sort themselves out and get it sort of
right (at least close enough for their typical customer) by version 8
or somesuch.

In the meantime, Apple gets to deal with the ascension of the online
equivalent of Walmart not screwing things up quite so badly (namely
Amazon).

Re:Stupid (1)

stretch0611 (603238) | more than 6 years ago | (#25014025)

You're right... But the same investors that like this idea are the same ones that liked backing junk mortgages...

SELL Best Buy Now: (0)

Anonymous Coward | more than 6 years ago | (#25012185)

Same as comment title. See above.

I looked (1)

mikesd81 (518581) | more than 6 years ago | (#25012237)

at Napster a while back and a few other digital stores and I just can't justify paying a $1.00 for a song that, at most stores, I don't really own any way.

Re:I looked (4, Informative)

DanZ23 (901353) | more than 6 years ago | (#25012455)

You should look into Amazon's mp3 downloads. less than a buck a song, and totally DRM free. I get 99% of my music this way

Re:I looked (1)

mikesd81 (518581) | more than 6 years ago | (#25012605)

99 cents doesn't count. Majority of the mp3s are $0.99.

Re:I looked (0, Troll)

DanZ23 (901353) | more than 6 years ago | (#25012885)

Most are indeed $.99, with a lot of singles priced at $.89. And the majority of the albums are $5-$9. And everything is DRM free. Plus, there are almost 30 free songs this week linked to from this week's mp3 newsletter.

If this is too expensive for you, then I'd recommend getting a job.

Re:I looked (1)

vux984 (928602) | more than 6 years ago | (#25013995)

You should look into Amazon's mp3 downloads. less than a buck a song, and totally DRM free. I get 99% of my music this way

As is 'itunes plus' music. I recognize that a minority of itms music is the drm free 'plus' kind, but still... I think its the direction even apple is moving. They have to.

Re:I looked (1)

DanZ23 (901353) | more than 6 years ago | (#25014185)

I seem to remember when itms came out with plus the songs were $1.29? More than the DRM encumbered music in any event.

I think everyone will eventually move away from DRM as well, to maybe watermarking or such. Amazon adds a serial of sorts to their mp3 id3 tags, which would be easy enough to delete.

Nothing left to say (4, Funny)

Just Some Guy (3352) | more than 6 years ago | (#25012257)

You know, I tried hard to think of something funny here. There's just not a punch line you can add to this.

To paraphrase Hank Hill, this acquisition is the feces that is produced when shame eats too much stupidity.

Napster Squad? (1)

TheNecromancer (179644) | more than 6 years ago | (#25012349)

Does that mean that the Geek Squad will be replaced by the Napster Squad? Dang, they'll have to repaint all their cars!!

Windows Guru + Napster = ? (2, Funny)

dunnius (1298159) | more than 6 years ago | (#25012385)

A few days ago, there was a article about Best Buy planning to have Windows Gurus to push Vista. WIth the acquisition of Napster, I am not sure what kind of monster will be created.

Re:Windows Guru + Napster = ? (2, Insightful)

UnknowingFool (672806) | more than 6 years ago | (#25012473)

Easy.
Windows Guru + Napster = Windows Grapster. Rhymes with how we really feel about it.

Re:Windows Guru + Napster = ? (0)

Anonymous Coward | more than 6 years ago | (#25012935)

Whatever monster is created from that, it will be a waste of money.

1. Windows Guru

2. Buy Napster

3. ???

4. NOT profit

Not The Real Napster of Course (5, Informative)

illectro (697914) | more than 6 years ago | (#25012487)

Napster 2.0 is of course a Napster Branded music store created by Roxio.

All the engineers from napster went off to setup their own music sites, the most high profile children of Napster are of course Snocap [snocap.com] , which was setup by Shawn after napster 1.0 died and later got acquired by imeem.com [imeem.com] which was also started by napster engineers and has become the most popular web2.0 music site (over twice the users of last.fm).

There's also finetune [finetune.com] and a few other small music projects that can trace some lineage to the original napster. Every single one of these descendants from napster are a whole lot more interesting and innovative than what the Napster brand ever did.

Re:Not The Real Napster of Course (1)

Otter (3800) | more than 6 years ago | (#25012663)

Every single one of these descendants from napster are a whole lot more interesting and innovative than what the Napster brand ever did.

Presumably you're talking about the later Napster efforts, right? The original Napster may not have been especially ethical, but there's no question that it was revolutionary and industry-shaking.

Re:Not The Real Napster of Course (1)

illectro (697914) | more than 6 years ago | (#25012749)

Yes, the revolutionary and industry shaking part of napster 1.0 clearly never got sold along with the brandname.

Re:Not The Real Napster of Course (1)

Civaus (1097087) | more than 6 years ago | (#25013349)

While there are better music sites available to buy, think about how much publicity they are getting from "nay sayers" by buying a brand that is so doubted ..... Right or wrong: brand name + decent service + publicity = $$$$$

Re:Not The Real Napster of Course (0)

Anonymous Coward | more than 6 years ago | (#25013871)

not all of them. one of them went to create cloudmark. (no clue if its still around).

hoarding/monopolizing, glowbull warmongering.... (-1, Offtopic)

Anonymous Coward | more than 6 years ago | (#25012601)

phewww. we do not need any more of that type of misbehavior.

The current rate of extinction is around 10 to 100 times the usual background level, and has been elevated above the background level since the Pleistocene. The current extinction rate is more rapid than in any other extinction event in earth history, and 50% of species could be extinct by the end of this century. While the role of humans is unclear in the longer-term extinction pattern, it is clear that factors such as deforestation, habitat destruction, hunting, the introduction of non-native species, pollution and climate change have reduced biodiversity profoundly.' (wiki)

greed, fear & ego are unprecedented evile's primary weapons. those, along with deception & coercion, helps most of us remain (unwittingly?) dependent on its' life0cidal hired goons' agenda. most of yOUR dwindling resources are being squandered on the 'wars', & continuation of the billionerrors stock markup FraUD/pyramid schemes. nobody ever mentions the real long term costs of those debacles in both life & the notion of prosperity, not to mention the abuse of the consciences of those of us who still have one. see you on the other side of it. the lights are coming up all over now. conspiracy theorists are being vindicated. some might choose a tin umbrella to go with their hats. the fairytail is winding down now. let your conscience be yOUR guide. you can be more helpful than you might have imagined. there are still some choices. if they do not suit you, consider the likely results of continuing to follow the corepirate nazi hypenosys story LIEn, whereas anything of relevance is replaced almost instantly with pr ?firm? scriptdead mindphuking propaganda or 'celebrity' trivia 'foam'. meanwhile; don't forget to get a little more oxygen on yOUR brain, & look up in the sky from time to time, starting early in the day. there's lots going on up there.

http://news.google.com/?ncl=1216734813&hl=en&topic=n
http://www.nytimes.com/2007/12/31/opinion/31mon1.html?em&ex=1199336400&en=c4b5414371631707&ei=5087%0A
http://www.nytimes.com/2008/05/29/world/29amnesty.html?hp
http://www.cnn.com/2008/US/06/02/nasa.global.warming.ap/index.html
http://www.cnn.com/2008/US/weather/06/05/severe.weather.ap/index.html
http://www.cnn.com/2008/US/weather/06/02/honore.preparedness/index.html
http://www.nytimes.com/2008/06/01/opinion/01dowd.html?em&ex=1212638400&en=744b7cebc86723e5&ei=5087%0A
http://www.cnn.com/2008/POLITICS/06/05/senate.iraq/index.html
http://www.nytimes.com/2008/06/17/washington/17contractor.html?hp
http://www.nytimes.com/2008/07/03/world/middleeast/03kurdistan.html?_r=1&hp&oref=slogin
http://biz.yahoo.com/ap/080708/cheney_climate.html
http://news.yahoo.com/s/politico/20080805/pl_politico/12308;_ylt=A0wNcxTPdJhILAYAVQms0NUE
http://news.yahoo.com/s/nm/20080903/ts_nm/environment_arctic_dc;_ylt=A0wNcwhhcb5It3EBoy2s0NUE

is it time to get real yet? A LOT of energy is being squandered in attempts to keep US in the dark. in the end (give or take a few 1000 years), the creators will prevail (world without end, etc...), as it has always been. the process of gaining yOUR release from the current hostage situation may not be what you might think it is. butt of course, most of US don't know, or care what a precarious/fatal situation we're in. for example; the insidious attempts by the felonious corepirate nazi execrable to block the suns' light, interfering with a requirement (sunlight) for us to stay healthy/alive. it's likely not good for yOUR health/memories 'else they'd be bragging about it? we're intending for the whoreabully deceptive (they'll do ANYTHING for a bit more monIE/power) felons to give up/fail even further, in attempting to control the 'weather', as well as a # of other things/events.

http://www.google.com/search?hl=en&q=weather+manipulation&btnG=Search
http://video.google.com/videosearch?hl=en&q=video+cloud+spraying

consult with/trust in yOUR creators. providing more than enough of everything for everyone (without any distracting/spiritdead personal gain motives), whilst badtolling unprecedented evile, using an unlimited supply of newclear power, since/until forever. see you there?

"If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land."

Great... (1, Funny)

fahrbot-bot (874524) | more than 6 years ago | (#25012713)

Can't wait for Best Buy to add the "Extended Warranty" option to my on-line music purchases... :-)

Re:Great... (2, Insightful)

GIL_Dude (850471) | more than 6 years ago | (#25012969)

You know what? I bet they do. They might not call if "Extended Warranty". They'll probably call it "Download Protection" and sell it with lines like: "What if your hard drive crashes? Do you want to have to buy all that music again?"

Just like with real extended warranties - mostly hogwash and lies.

Re:Great... (1)

xrobertcmx (802547) | more than 6 years ago | (#25013843)

You mean like one sold by EA on games?

This reminds me... (0)

Anonymous Coward | more than 6 years ago | (#25012719)

http://www.penny-arcade.com/comic/2003/12/05/

I'm sure this will work out for them. (1)

halcyon1234 (834388) | more than 6 years ago | (#25012763)

I'm sure this will work out perfectly for them. I mean, take a look up here at Canada. Best Buy Canada is owned by Future Shop. And Future Shop opened their own digital music download store, too. It's called Bonfire, and...

Wait, what's that? Oh, okay, it wasn't really their own download store. It was just Puretracks with a custom skin on it. In any case, it blazed their trail into the future of music downloads and...

Huh? Oh. Okay, it turns out Bonfire [puretracks.com] was a massive flop and was shut down this year.

Well, in any case, I'm sure that Best Buy USA's third-party, rebranded online music store will do much better than Best Buy Canada's third-party, re-branded online music store did.

PS: To give you an idea of how well this is going to turn out, this is the same company that decided it would be a good idea to sell "branded" mp3 players [cirpa.ca] . Basically it was 128MB player that "came with" a few tracks, all for the low, low price of $169. Mmm, dollar-store MP3 player with DRM'd tracks for more than the cost of an iPod. Success!

Re:I'm sure this will work out for them. (1)

LMacG (118321) | more than 6 years ago | (#25013439)

You might want to check on just who owns who [bestbuyinc.com] up there in Canada, eh.

Re:I'm sure this will work out for them. (1)

halcyon1234 (834388) | more than 6 years ago | (#25013643)

Oops, I stand corrected. But this just makes things even worse, since they don't even have that extra degree of separation from Bonfire.

uhh (0)

Anonymous Coward | more than 6 years ago | (#25012897)

people still use napster?

Lack of differentiation (1)

CdBee (742846) | more than 6 years ago | (#25013071)

I can't see it working just because when you buy a Windows-Media based distribution system you're locked into a platform, a delivery system, a microsoft support contract, and a range of not-iPod music players.

Losing the DRM might help (especially re non-WMA players) but that still leaves the biggest problem of them all - few of the non-iTunes / non-indy online distributors can cut a deal with the recording industry that gives them the possibility of standing out from the crowd. (and its a big crowd with little differentiation)

To add extra suck - its a bit late in the gameplay for another company to do an apple and change the game. The rules have been set.

Napster has a monetary value? (1, Insightful)

British (51765) | more than 6 years ago | (#25013077)

Here's what I don't get: Napster started as a free app to download pirated music. Now after many changes, it's being sold for millions of dollars. What are they exactly bringing to the table? Just the subscribers?

The sale of myspace for an obscene amount of money makes more sense than this(eyes to see ads). Still not quite getting the Napster sale.

Then again, this is the same world that the "I'm rich!" iPhone app sold for a while.

Best Buy will use it to... (0)

Anonymous Coward | more than 6 years ago | (#25013103)

I used to work for best buy. And have seen them make acquisitions that fail miserably because they pulled the plug too soon. The only exception that I can think of is the Geek Squad purchase. JMHO but this will turn into something else they will push on you right before the service plan pitch and right after the magazine offers... when you bought a vacuum cleaner.

Because people generally don't like these kinds of offers it may just flop and fade into the past like so many other things BBY has done. BBY should get back to the basics of selling consumer electronics that made them famous in the first place. Fry's electronics and others can do it... why not BBY?

Rhapsody (0)

Anonymous Coward | more than 6 years ago | (#25013231)

Best Buy has been including software in many mp3 players for the 'Best Buy Music Store', software branded off the Rhapsody music service. This is a blow to Real's music service, which actually has a pretty amazing selection.

$54M or $121M ... So which is it? (1)

More_Cowbell (957742) | more than 6 years ago | (#25013361)

Wired is running the same story, but with a $121 Million price tag [wired.com]

Somebody's a bit off....

Re:$54M or $121M ... So which is it? (1)

More_Cowbell (957742) | more than 6 years ago | (#25013473)

OK, in my defense, while I didn't read the summary past the first line, I did RTFA (which didn't mention $121M)

my dream (3, Funny)

Dan667 (564390) | more than 6 years ago | (#25013597)

Is for Best Buy to hire Larz to pimp Napster. Best Buy goes down the tubes like AOL/Time Warner. Larz goes bankrupt. And Shawn Fanning buys Napster for a dollar.
Load More Comments
Slashdot Login

Need an Account?

Forgot your password?