Music

MelodyVR Buys Napster in Move Toward Virtual Reality Concert Hub

London-based virtual reality live music platform MelodyVR has acquired Rhapsody International (the parent company of Napster) for $70 million. According to a press release, MelodyVR hopes the “acquisition will enable the creation of a unique music platform that will offer both immersive live performances and music streaming.”

MelodyVR CEO Anthony Matchett said in a statement, “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.”

Rhapsody acquired Napster in 2011. The streaming platform relaunched a few years later.

During the pandemic, MelodyVR has hosted concerts from the Chainsmokers, Emili Sandé, and Cypress Hill.

Check out Pitchfork’s feature “Is Secretive Virtual Reality Startup Magic Leap Dreaming Up the Future of Music?

Products You May Like

Articles You May Like

Lisa Barlow of RHOSLC Talks Mormons, Fast Food: I’m Not Wishy Washy
How Much the Former Pro Boxer Has Earned – Hollywood Life
Yellowstone Continues to Break Ratings Records With Wildly Popular Season 5 Part 2
Book Riot’s Deals of the Day for November 19, 2024
5 Things to Know About the Country Singer – Hollywood Life