Page 23 - Record Industry 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...

Played, still being sampled, which is good, right? that's great. >> it weren't for the samples, i don't know what i'd do. the part of the record industry that kept us alive was europe. >> the collectors must go crazy. maniac collectors in europe and japan. >> if i had known back then, i guess we would still be over there. biggest motown or bigger. >> this is an island, isn't it? it is kind of an island. >> i think it's worse than an island. ♪ darling i'm willing to forget about our past ♪ ♪ darling i'm able to make our love last ♪ ♪ i'm a one man's woman and i'm willing and able to b...

>> i did most of the deep city music using that technique. ♪ ♪ if only i could fly i would take to the air ♪ >> you're still out there so your songs are still being played, still being sampled, which is good, right? that's great. >> it weren't for the samples, i don't know what i'd do. the part of the record industry that kept us alive was europe. >> the collectors must go crazy. maniac collectors in europe and japan. >> if i had known back then, if johnny and i had known how hot we were then, i guess we would still be biggest motown or even bigger. >> this is an island, isn't it? it is ...

Of old buddies now, you know? >> i would like to be considered your old budty. i think i owe your wife a huge thank you for getting you on the tv with me. what was the highlight? was it a little bit of getting to tell the record industry what you feel? was it yoko ono's hat? what was it? >> it was a few days of day va views and i love yous. who could have a problem with that. it's fantasy world. >> who was your favorite person to get to bump in to backstage? >> it was kind of fun. i got to hang out with the kids like beck beck was cool you know miley cyrus, i was teasing, you know. so we got t...