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Rhapsody Passes 1 Million Subscriber Mark
2011-12-24 05:37:28

The longest-running subscription-based music service announced Thursday that they had finally surpassed the one-million paid subscriber milestone. Seattle-based Rhapsody, which is also celebrating its 10th anniversary this month, had for years sustained about 800,000 subscribers, the Associated Press (AP) reported on December 22. However, thanks to a pair of recent transactions, they have seen a spike in those numbers. "In August, its service began being bundled into a cellphone plan...

Rhapsody Acquires Napster In Stock Deal With Best Buy
2011-10-04 05:10:19

Online music service Rhapsody announced on Monday that it has acquired Napster from Best Buy, which will receive a minority stake in the combined company. The specific terms of the stock-based deal, which is expected to close around November 30, were not disclosed.  "This deal will further extend Rhapsody's lead over our competitors in the growing on-demand music market," said Rhapsody president Jon Irwin in a statement. "There's substantial value in bringing Napster's...


Word of the Day
barghest
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).
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