Episode Transcript
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Speaker 1 (00:04):
This is MLD News.
Speaker 2 (00:06):
I'm your host, Graham Wright, Dateline, Silicon Valley. Probably look
out Lars Alric because the word Napster is back in
the news.
Speaker 1 (00:15):
That's right.
Speaker 2 (00:15):
The original music piracy company has recently sold for two
hundred and seven million dollars.
Speaker 1 (00:24):
Why what for?
Speaker 2 (00:26):
To whom to answer these questions and consider what all
of this means for the music world and for my age?
Is major label debut Online piracy correspondent John Paul Bullock,
John Paul, do you remember the first MP three you
ever downloaded?
Speaker 3 (00:41):
Hello, Graham? It was almost certainly like a soul coughing
MP three, maybe some kind of weird radiohead bootleg thing
that was mislabeled and probably was you know, Yellow by
Coldplay Aldo On. That may have been later in When
did Yellow come out out? When was that first Coldplay record?
Speaker 2 (01:02):
I want to say it was two thousand, It was
right around the same time. You're you're right on the money.
You can feel, you know, you have the memory sense
of the music and the apps and the way the
world was.
Speaker 3 (01:12):
Do we owe Napster for bringing Coldplay into all our lives?
Speaker 2 (01:17):
If so, then I think they deserve even more than
two hundred and seven million dollars.
Speaker 3 (01:21):
Sean Fanning and Sean Parker are responsible for Coldplay. They
should get a percentage of Coldplay.
Speaker 2 (01:28):
I think Timberlake is going to be reprising his role
as Sean Parker in the Coldplay biopic that I am
pitching to studios actively.
Speaker 3 (01:36):
Timberlake could play Chris Martin in the That's actually not
a bad.
Speaker 1 (01:40):
Not bad cast houses English accent.
Speaker 2 (01:43):
We got to look into.
Speaker 3 (01:44):
That probably not good good.
Speaker 1 (01:48):
It never works.
Speaker 3 (01:49):
It's always the same with any British actor playing an American,
where you can just see behind their eyes the thought
that they have to put on the American accent to
the every piece of dialogue.
Speaker 2 (01:59):
Check out our White Lotus recap pod to hear my
take on Jason Isaac's attempt to send Texan.
Speaker 1 (02:07):
John Paul.
Speaker 2 (02:07):
Could you outline for the people the situation on the
ground with Napster?
Speaker 3 (02:13):
Sure? Well, of course you remember Napster as the peer
to peer file sharing application that was founded in nineteen
ninety nine and it was sued out of existence in
like two thousand and two. I think it went bankrupt
and then it was traded around by a bunch of
different companies or at least the brand name was to
(02:34):
Roxeo and then best Buy, and then some crypto dudes
bought it, and it's been all sorts of different things
that we've that Napster has been. Right now, I'm not
sure what it is. This company wants to turn it
into a kind of virtual space where people can meet
up in the metaverse and watch a concert and buy
merch and support bands that they love. But I just
(02:57):
can't possibly imagine how it could be worth two hundred
and seven million dollars?
Speaker 1 (03:03):
Is that just? Like, do you do? You know why?
Speaker 2 (03:06):
The only possible explanation that makes sense to me is
one I saw just speculated online that I have no
real information about this, which is that maybe in one
of the previous iterations you mentioned, they did licensing deals
with labels or with distribution that are still in place,
and so you know, like if you buy a restaurant,
(03:27):
you're kind of buying the liquor license or whatever. The
money is really just going to this like infrastructure that
they can build out this metaverse streaming platform throughout.
Speaker 1 (03:39):
Is that worth two hundred and seven million dollars? Still?
Speaker 2 (03:42):
I have no idea, but at least that's something as
opposed to just the brand name of Napster, which I
don't think is really has any value now to you.
Speaker 3 (03:50):
Well, no, I mean I'm not sure if people are
actually nostalgic for early Internet culture, if that's just like
wishful thinking from tech billionaires. But one thing, I mean,
do you know a single person who has used any
post bankruptcy version of Napster.
Speaker 2 (04:05):
I have never heard anyone say the word, other than
to maybe say, remember Napster. Everyone used it back then.
You know, my generation particularly were like thirteen when Napster
was coming out, and so we were all fully logged on.
But even before it went away, it was replaced or
you know, bettered by things like LimeWire or Kaza and
(04:26):
then by torrenting, etcetera, etcetera. So we left Napster behind
even before it disappeared.
Speaker 3 (04:30):
Well, let me ask you this. Have you ever attended
a virtual concert or would you? Are you interested in
attending vision all?
Speaker 1 (04:36):
Not remotely?
Speaker 2 (04:38):
And I'm obviously biased to some extent by my longtime
career as a live concert practitioner, but I feel like
the only thing about a concert that is good is
that you're all there in the room together, and obviously
over the COVID days, there was a lot of necessity
driven zoom performances or even more you know, fleshed out
(05:01):
stuff like I watched the Glastonbury that they did digitally,
but that was just a pre recorded concert film, you know,
that was that was not the same medium as a
live performance. And I think the live performance continues to
be the one thing that they can't duplicate and can't
put on the computer. And I'm sure that this is
driven in part by the fact that that's unacceptable to
(05:22):
the you know, to the Silicon Valley hive mind that
there be anything that they can't like digitize and put
into their world.
Speaker 3 (05:28):
I mean also, I feel like there are plenty of
other existing services that provide a similar experience for no
cost free kind of that. I mean, I remember during
that same period of time watching those Ben Gibberd live
streams almost every day where he would play for an
hour or something and raise money for charity, or play
(05:51):
a bunch of cover songs, and it was kind of,
you know, like going to a concert, but it was
it didn't require this being trapped in some kind of
tron version of this.
Speaker 1 (06:05):
You know, like metaverse. I mean, there's another question, do
you know.
Speaker 3 (06:09):
Anyone who is actively using any of these metaverse products
at all? Even the like headsets. I know one or
two people who bought the headsets because they were like
early adopter type gadget folks. But do you know anyone
who's using any of that stuff at all?
Speaker 1 (06:23):
Zero? I'm sure they're out there.
Speaker 2 (06:25):
And if anyone is listening to this, who's like a
metaverse enthusiast.
Speaker 1 (06:28):
I don't mean to.
Speaker 2 (06:29):
Offend you, but no, I have never heard anyone talk
about any of it in terms other than like total mockery.
Speaker 3 (06:36):
Yeah, I mean, I just it just seems so bad
to me and isolating and boring. And I don't I
don't know if that's functioning from a position of privilege
and not like not being slowly drawn into the dark,
dark future that we're all facing. But I don't know, man,
(06:58):
like ask. I think about all these things as a
kind of like, are you just like not part of
this larger conversation or are there these businesses that are
just completely divorced from reality and are trading money and
ideas amongst themselves and then trying to kind of string
people along until they can gather enough resources where they
(07:20):
can go off to some kind of island or escape
from creditors.
Speaker 2 (07:24):
Or Yeah, my suspicion is that it's the latter, and
look major label debut For Better or for Worse is
not an economics podcast, neither of us are economy first journalists.
But it does seem to me like this is just
another instance of sort of like the money has to
move around, it has to keep circulating around Silicon Valley.
(07:46):
And you know, I'm sure if you can do a
good pitch deck on why Napster is the future rather
than the past, you can keep stringing your investors along
for another eight months or so until the next thing comes.
But what I really wonder is, is there anyone at
infinite reality, a single person who genuinely is sitting there
excited about what they're gonna do with Napster? Are there
(08:08):
real ideas, is there a real plan even like that
they're humoring, or is it just complete happening like in
the algorithm on a spreadsheet on the computer between money crunchers.
Of course, we will never know.
Speaker 3 (08:20):
According to this Axios article that I read, it says
that they raised three billion dollars at a twelve point
twenty five billion dollar valuation, and it's like, I don't
I guess I just truly do not understand how money works,
and I truly do not understand what any of that
stuff could be in real terms, like what is that?
(08:42):
What is twelve billion dollars worth? And I mean, are
these companies making money? I don't know. I don't know
anything about It's it kind of makes me feel like
I'm missing out on something or maybe I'm just not
and this is totally fake.
Speaker 2 (08:55):
I feel pretty confident that it's totally fake, although you know,
maybe if we had a youth correspondent on here, they
would be able to explain to us why it's actually
real and why all this stuff is you know, one
innovation away from replacing human interaction. All I see in
my mind's eye when I think of any kind of
metaverse concert is that like early AI animation of like
(09:18):
Homer Simpson on stage and people would put different songs in.
It would sound like Homer singing mister Brightside or something,
and there's all these other like Big Bird or whatever
is there, and these awful three D models are just
dancing vacantly. That's what I imagine going to each concert is
seeing Homer Simpson sing whatever the song you paid to
see is interesting.
Speaker 3 (09:37):
I think that's exactly what it is still, I just
picture it like big like Minecraft, where it's just blocky
characters moving around in a space, like running into each
other or kind of dissolving. I do I do wonder though,
if there is some kind of, you know, new paradigm
for this kind of stuff emerging. And I don't know,
(10:01):
maybe we can find some kind of way of consuming
music online and that is more equitable and helps bands.
And I'd like to think that the people at Infinite
Reality are decent humans who who want to help artists
make money. I just have yet to actually see that
occur with any tech startup ever.
Speaker 2 (10:23):
I refer you back to your quote from the article
about it, from Axios's article a VC backed metaverse, Unicorn
does not suggest to me good people who are hoping
to help artists, just to guess.
Speaker 3 (10:37):
Also, just the word unicorn implies that it is not real.
It's like a fantasy.
Speaker 2 (10:42):
Wow, that's wow. Maybe we are tech journalists. That's a
very salient point. Unicorn is what they use. That's the
word they used to say, Oh, this is the best
companies in Silicon Valley and they're all fake, but if
you drink their blood, you can live forever.
Speaker 1 (10:55):
That's right.
Speaker 3 (10:55):
That's like that movie that's about to come out. You
shave the unicorn's horn and it will cure cancer.
Speaker 2 (11:01):
Well, we're all looking forward to taking our Napster pills
to inoculate us against all disease and human unhappiness and stuff.
Speaker 3 (11:08):
Just snorting a line of unicorn powder in like a
breast stop bathroom off the like baby changing table.
Speaker 2 (11:15):
Off the Information super Highway, often never never Land, often
never never Land.
Speaker 3 (11:21):
Indeed.
Speaker 2 (11:21):
Any final thoughts about the past, present, or future of
Napster and the metaverse.
Speaker 3 (11:27):
I'm just thankful to Napster for bringing us your sweet
sweet Chris Martin, and that it gave us cold Play
and it gave you cold Playgram.
Speaker 2 (11:35):
I'm grateful to them for that as well. And my
pitch for the new Napster, if anyone from Infinite Reality
is listening, is just make it exactly like the old Napster.
But it's legal, so everyone pays their ten bucks a month,
but there is you have to search every song individually,
and there's like two real versions of it and ten
increasingly fake versions with like a mendacious list of bizarre collaborators,
(11:58):
where it's Red Hutchley pepper Is featuring Radiohead, featuring Coorn,
featuring Incubus covering rock and in the free world. And
then you download it and it's just some like high
school bands, shitty demo. That's what Napster should be. I
think then the people will really embrace it. So free idea, Yeah,
like Spotify, but more difficult to you. Yeah, we need
to introduce some some friction and some surprises back into
(12:19):
the metaverse. One man's opinion. All right, Well that's your
MLD news. As always, I'm Graham, right. Major Label Debut
is produced by my guest, John Paul Bullock.
Speaker 1 (12:31):
Thank you so much, John Paul.
Speaker 3 (12:32):
Thank you for having me Graham.
Speaker 1 (12:33):
It's always a pleasure.
Speaker 2 (12:34):
The show is further produced by Josh Hook, who I
just made work with my stumble bum ways. Our wonderful
theme music is by Greg Alsop. We're available to interact
with and follow on all the various social media apps,
although nowhere in the metaverse yet, but I'm sure we're
working on it. And if you have any hot news tips,
(12:54):
please send them to a real journalist. I am not
equipped to receive them. Thank you so much for listening
and major label debut will return as always with more
breaking news from the intersection of art and commerce.