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.