Industry Hundreds News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> 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 revenue before the service is forced to shut down in 2001. >> we started a kind of cultural revolution bu...

>> 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 revenue before the service is forced to shut down in 2001. >> we started a kind of cultural revolution bu...