Napster Brand Sold for $207 million, 23 Years After Originally Shutting Down

Technology firm Infinite Reality is planning to refresh it as a streaming and virtual concert platform

Napster, the peer-to-peer file sharing application popular in the early 00s for pirating music and other audio, has been sold for $207 million, 23 years after it was originally shut down.

Technology firm Infinite Reality made the purchase of the brand name, and intends to repurpose it as a streaming and virtual concert platform, Los Angeles Times reports. It hopes that artists can use the revitalised service to better connect with fans and monetise their work.

“The internet has evolved from desktop to mobile, from mobile to social, and now we’re entering the immersive era,” said Napster CEO Jon Vlassopulos. “Yet, music streaming has remained largely the…

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