MelodyVR to acquire Napster from RealNetworks for $70m.

MelodyVR, a music platform, agreed to acquire Napster, an online music store and subscription service based in Seattle, from RealNetworks, a provider of Internet streaming media delivery software, for $70m. "MelodyVR’s acquisition of Napster will result in the development of the first ever music entertainment platform which combines immersive visual content and music streaming. For music fans today, live and recorded music are intrinsically linked. We are as keen to see our favourite artists perform live as we are to listen to their albums. Our purchase of Napster, one of the music industry’s original disruptors, is born out of our wish to deliver the world’s foremost music experience, available seamlessly across audio and visual media and in turn presenting a truly next generation music service," Anthony Matchett, MelodyVR CEO.