NEW YORK (Reuters) -- Like the phoenix from the ashes, the once-wildly popular Napster song-swapping service is slated to be relaunched before the end of the year, its new corporate parent Roxio Inc. said.
Once the scourge of the music industry, Napster had at its peak in 2000 more than 60 million people using its software that allowed Internet users to copy and share music for free, until the five largest record companies successfully sued the company for copyright infringement.
The record industry has long blamed such services for the decline in record sales. After declaring bankruptcy last year, many of Napster's assets were bought by Roxio, which makes CD-burning software and plans to restart Napster as a legitimate pay service.
"We're expecting to launch the service before the end of the year," spokeswoman Kathryn Kelly said. "But we're not relaunching until we can establish it as a legal service."
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BOY, I'M SO HAPPY I'LL BE ABLE TO DOWNLOAD MUSIC AGAIN, AND FOR MONEY THIS TIME!
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