Napster Sold To Tech Start-Up Company, Infinite Reality

The 3D technology company plans to help "transform" Napster, allowing fans to attend concerts virtually and better connect with artists.

Napster has been sold to a tech start-up company.

Napster was created in 1999 becoming one of the first services that allowed listeners to swap songs. It was shut down in 2001 and filed for bankruptcy in june the following year.

The digital media company said it is now seeking to provide creators an opportunity to better engage with their audiences and monetize their work.

Infinite Reality recently bought napster for $207 million to help achieve that goal. CEO Jon Vlassopulos will continue in his current role and also take on a broader role for Infinite Reality.

The 3D technology company plans to help “transform” Napster, allowing fans to attend concerts virtually and better connect with artists.

“With Infinite Reality’s expertise in immersive 3D technology, we will transform Napster into a next-generation platform where fans don’t just listen on their own, they experience music in entirely new ways,” Vlassopulos said.