As it happens, Napster now has the licenses to (legally) stream millions of music tracks, and John Acunto, Infinite Reality's CEO, told CNBC the plan is to build virtual spaces for concerts, listening parties, and merch sales.
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'Napster? Is it 1999?' Millennials react with disbelief at $207 million sale.
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Infinite Reality is acquiring Napster to develop immersive virtual spaces where artists can host concerts, engage with fans, and sell merchandise, leveraging Napster’s licensed music catalog and established brand as a foundation for these new experiences.
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