Rhapsody Archives

RealNetworks doubles Napster investment

27/01/2019

RealNetworks doubles Napster investment to become 84% owner by acquiring debt and equity interests in Rhapsody International which trades as ‘Napster’. Following the transaction, RealNetworks has become the majority owner of Napster, with approximately 84% of outstanding stock, up from RealNetworks’ previous stake of approximately 42%. RealNetworks has committed to pay $1 million cash up front and an additional $14 million over time subject to certain conditions, with additional consideration depending on subsequent events. A […]

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Rhapsody and Sony Music bring HiRes streaming to Japan

15/12/2018

Rhapsody and Sony Music bring HiRes streaming to Japan using Rhapsody’s ‘Powered by Napster’ platform. The new on demand music service christened ‘mora qualitas’ brings lossless FLAC (Free Lossless Audio Codec) files at 24bit/44.1-96khz (HiRes) and 16bit/44.1khz (CD quality) music streaming to Japan for the first time. Rhapsody International is providing its complete ‘Powered By Napster’ platform including a unique set of systems, tools and APIs to allow Sony Music Entertainment Japan (SMEJ) to quickly […]