Napster Looks For A Buyout
Napster revealed that it has hired UBS Investment Bank to solicit partnership and acquisition proposals for the company. Rumors of such a play first appeared in February, at which time Napster CEO Chris Gorog strongly denied that the company was seeking a buyer. It comes as no surprise to anyone that a company which is hemorrhaging cash needs a bail out, the question is who will take the hit? “Napster is in a strong position to...
Air2Web Inks Mobile Music Distribution Deal With The Orchard
Air2Web has announced an outsourcing agreement with The Orchard, the world’s leading digital distributor and marketer of independent music. The agreement provides The Orchard with digital music delivery to mobile devices globally, creating the farthest-reaching service of its kind. With a catalogue of more than one million tracks spanning 73 countries and every genre of music, The Orchard is a leading supplier of digital music to...
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