February 21, 2001

Napster makes $1 billion settlement offer, big deal

Author: JT Smith

An anonymous reader tells us about this story: "It doesn't matter that Bertelsmann is in the process of crippling the file trading software with several measures including file encryption and stripping the ability to burn CD's. It doesn't matter that Bertelsmann plans to charge for the Napster service this summer and has offered to pay licensing fees to the other labels including the independents. This is now an internal, not an external, matter for the music industry. Napster the software as we know it will soon die, but its spirit will grow when that happens."
http://www.mp3newswire.net/stories/2001/napsterbri be.html. For more on the proposal, see this IDG News Service story.
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