Swapping Songs News Today

>> sean parker and john fanning launched the music file sharing service napster in 1999. >> the goal was to make music available to everyone. >> the site blind-sides the record industry and permanently transforms the way music is distributed and sold. >> instead of trading cassettes which we had been doing, suddenly songs are flying around for free like crazy. >> at its peak, 70 million users are swapping songs on napster, costing the record industry hundreds of millions of dollars in lost reven...

>> sean parker and john fanning launched the music file sharing service napster in 1999. >> the goal was to make music available to everyone. >> the site blind-sides the record industry and permanently transforms the way music is distributed and sold. >> instead of trading cassettes which we had been doing, suddenly songs are flying around for free like crazy. >> at its peak, 70 million users are swapping songs on napster, costing the record industry hundreds of millions of dollars in lost reven...