Napster, Inc. (NAPS) and Walt Disney Company (DIS) Team up to Take on the Music World
Napster (Nasdaq: NAPS) launched into operations in 1999 and quickly became a hit among music lovers around the world, allowing users to share MP3 song files with other users. Napster reached new heights of popularity after overcoming hardships within the music community after controversy surrounding the legality of music sharing was resolved. The company now offers interactive music features and free, on-demand music legally in the United States. Napster today announced a strategic partnership with Walt Disney Records, an arm of Walt Disney Company (NYSE: DIS), that will feature an exclusive, commercial-free "Best of Disney" radio station featuring music from…