napster

The creators of Napster, the free song-sharing service that amassed tens of millions of users and seriously challenged record labels, have reunited after a decade apart with a secretive video start-up.

Sean Parker, best known more recently as the billionaire founding president of Facebook, told the Financial Times he had reduced his duties at Founders Fund, the venture capital group, to be executive chairman of start-up Airtime. Shawn Fanning, who wrote the software behind the music site that took his own nickname, will be chief executive.

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Tim Bradshaw

Sean Parker, co-founder of the original Napster, the pioneering file-sharing service, says the launch of Spotify in the US “represents the realisation of a dream”. Read more