Former Roblox vp and global head of music Jonathan Vlassopulos has joined Napster as CEO, the company announced Sunday (Sept. 25). Vlassopulos, who departed Roblox in April after three years, became known for shaping the company’s cutting-edge virtual concert strategy in the early days of the pandemic, with the platform hosting blockbuster virtual shows for artists including Lil Nas X, Tai Verdes, Twenty One Pilots and 24KGoldn. He also navigated Roblox through a rough patch after the company was sued by the National Music Publishers’ Association (NMPA) for copyright infringement in June 2021. The two parties settled the $200 million lawsuit three months later and launched talks for go-forward licensing deals. Vlassopulos joins Napster four months after the company — which began in 1999 as...
Napster is on the move, again. London-based virtual reality concerts company MelodyVR announced on Tuesday that it is acquiring Rhapsody International, which operates as Napster, from its majority owner RealNetworks for the price tag of $70 million. MelodyVR, which operates an app specializing in live virtual reality music experiences, plans on combining with Napster to create the “first ever music entertainment platform which combines immersive visual content and music streaming,” said Anthony Matchett, MelodyVR’s CEO. The $70 million transaction is expected to close by year’s end and breaks down as $15 million in cash, $11 million in MelodyVR stock and the assumption of roughly $44 million in payments owed by Napster to various music industry entities. “For music&...