Napster sold to tech firm Infinite Reality for $207 million [Los Angeles Times (CA)]
Roblox Corporation Class A (RBLX)
Company Research
Source: Los Angeles Times
Napster, the former music pirating site and bane of major labels at the turn of the millennium, is today a minor player compared to Spotify, YouTube and Apple Music. Yet Infinite Reality said it hopes to rebuild Napster into “a social music platform that prioritizes active fan engagement over passive listening.” Infinite Reality, which formed in 2019 with backing from a number of music and sports celebrities including Steve Aoki and Imagine Dragons, bought the platform from the blockchain and cryptocurrency company Algorand and Hivemind Capital Partners. Many companies have tried in vain to rebuild Napster for modern music tech, including retail outlet Best Buy and streamer Rhapsody. Napster CEO Jon Vlassopulos, a former head of music at Roblox who invested in the first iteration of Napster at Bertelsmann, will continue to lead the brand as it integrates with the company's hopes for livestreaming, e-commerce, digital community management and AI initiatives. “The internet has evol
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RBLX
Earnings
- 10/30/25 - Beat
RBLX
Sec Filings
- 12/19/25 - Form 4
- 12/18/25 - Form 144
- 12/18/25 - Form 144
- RBLX's page on the SEC website