Napster is truly legit

Best Buy had a very poor December calling it the weakest holiday season in five years. In January, after retail spending hit a 16 year low they dropped their share forecast. By February, they said they were still on track to open 25 new stores in China. In March, we heard you could walk into a Best Buy and if the marked price was 1000.00 you say I will give 950.00 right now, they might accept the offer. Is any of this sound like a company that should buying things? Then today we find it is getting set to purchase Napster Inc. for about $127 million. The idea is to help their increase their digital media capabilities. The takeover will not be complete until sometime in the fourth quarter and includes all 700,000 Napster subscribers, the Web-based customer-service platform, and mobile capabilities. The CEO of Napster Chris Gorog and other senior management will stay on board and the company headquarters will stay in Los Angeles. Best Buy Co., Inc. is a specialty retailer of consumer electronics, home office products, entertainment software, appliances, and related services. The company affiliates and products include the owning the companies Five Star, Future Shop, Geek Squad, Magnolia Audio Video, Pacific Sales Kitchen and Bath Centers, Speakeasy and now Napster. The problem here is Napster was the evil enemy of the RIAA for so long, now we see them accepted into the mainstream retail chain as if the music industry never had tried to and succeeded at killing the original incarnation. It is not that Napster sold out, which they did, it is that originally Napster was a sign of how free and cool the Internet could be. Today it is just another example of how in a capitalistic system eventually everything turns into a commercial.

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