A very interesting article about the present day Napster company
“We don’t think that the future of music involves the labels anymore”: Napster is back – with a new AI app https://www.musicradar.com/music-tech/we-dont-think-that-the-future-of-music-involves-the-labels-anymore-napster-is-back-with-a-new-ai-app
... Interestingly, Segal also said that the new Napster app will be licensing “ethically trained” copyright-friendly music generating models. This, of course, contrasts to the company’s approach back in the day, when their whole business model was based on defiance of copyright law. Much has changed at Napster since then. The brand was bought last year for $207 million by AI firm Infinite Reality. .....What remains though, is Napster’s anti-music industry stance. “ .... .. We don’t think that the future of music involves the labels anymore.”
“The old label model is dead. ....
When asked how they would compete with Suno and Udio, who have both struck deals with the major labels, Segal described those as “A very IBM move... You’ve now allowed the major labels to figure out how they’re going to own the data, own these things. This is the opposite of what we want to do. I want you - literally you - to own your data, own the content that you create.”
“What we continue to see are people taking old business models and trying to attach them to new things, and that’s just not how it works. I can’t have a horse and buggy in a car.”
This topic was modified 6 months ago 2 times by RichPowers