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Napster exits music streaming with shutdown of its service

4 months ago
  • #Napster
  • #AI
  • #Music Technology
  • Napster has pivoted from music streaming to an AI platform for music creation and discovery.
  • The company introduced 'Companions', an AI that understands user music tastes and aids in discovery.
  • Napster's new direction raises questions about music sourcing, royalty disputes with Sony Music, and the status of a previously announced $3bn funding round.
  • The transition was announced via a splash screen to users, indicating the end of its music streaming service.