Napster (Acquisition)
Funding Details
Awarder
Inbox
Date Award
May 17, 2025
Vertical
Music Streaming
Funding URL
View Funding Page
Funding Amount
$207,000,000
Company Info
Founding Year
1999
Traction
Napster has transitioned from a file-sharing service to a licensed music streaming service with a subscription model, currently offering on-demand streaming for $11 per month.
Founders
Shawn Fanning, Sean Parker
Market
Entertainment
Location
USA
Company Description

Napster pioneered music sharing over 25 years ago and has evolved into a music streaming service offering on-demand streaming of licensed tracks. It was recently acquired by Infinite Reality for $207 million, which plans to leverage the brand for marketing in the metaverse.

Links
Website
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