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

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August 25, 2020 at 11:26AM

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

A British music tech startup has struck a surprise $70m (£53m) deal to buy Napster, one of the pioneers of the music streaming revolution.

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

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