The streaming world is getting smaller and smaller. Spotify has arrived in America and streaming services are feeling the pressure. That brings today’s announcement of Rhapsody buying Napster’s subscribers not that out of the world…
..Rhapsody will give the big box electronics retailer a stake in its company in return for its Napster subscribers and certain other assets. Best Buy acquired the digital music company for $121 million in 2008.
…The companies, which are claiming to have the two largest music subscriber bases in the U.S., did not disclose how many they will have together….
..Separately, Rhapsody has reported that it has surpassed 800,000 subscribers. (Via AllThingsDigital)