Napster sold to London startup MelodyVR in surprise $70m deal

Acquisition by firm which streams virtual reality gigs will offer ‘next-generation’ service

A British music tech startup has struck a surprise $70m deal to buy Napster, one of the pioneers of the music streaming revolution.

London-listed MelodyVR, which films and streams gigs fans watch with virtual reality headsets, is taking over Rhapsody International, which operates as Napster and is owned by Nasdaq-listed RealNetworks.

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from Culture | The Guardian https://ift.tt/3ht4n3e