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Napster Willing To Pay a Price For Filesharing

Executives from Napster and Bertelsmann are appealing to other record company executives for a temporary stay of litigation, claiming a Napster shutdown would harm the possibility of potential profits for everyone.

Napster has presented a new plan that would change the free service into a tiered subscription service as early as July and would guarantee $150 million per year to be split between the five major record companies and another $50 million annually to be shared by independent labels. The labels would be responsible for distributing the funds to artists and songwriters.

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