Napster Lowers Monthly Rate to Five Dollars
May 19, 2009 by Stephen Kersey
Filed under Business
Due to a lot of competition in the digital music industry, especially from iTunes, Napster has once again changed their business model. Napster, who was recently purchased by Best Buy, lowered the cost of their service to $5 per month.
For $5 per month, Napster users can download five MP3 songs and also use the on-demand music service. Additionally MP3 songs can be downloaded for as little as $.69.
Said Napster CEO Chris Gorog: “There’s no need to settle for 30-second clips to decide if you want to buy a song. For five bucks now you can have access to our entire music catalog and get five MP3s to add to your permanent collection.”
This is a relatively big change to Napster’s business model. It’ll be interesting to see if it attracts customers.
Napster (Image: Flickr)
