The Pulse Of Radio reports that METALLICA's record label is for sale — and one person interested in buying it is the man who founded Napster, against which METALLICA fought a legal battle more than a decade ago. According to All Things Digital, Napster founder Sean Parker is in talks to team up with two other private investors to purchase the Warner Music Group, where METALLICA has been making records since 1984.
Back in 2000, METALLICA launched legal action against Napster, claiming that the pioneering music file-sharing service was illegally allowing users to download METALLICA tracks without paying royalties to the band. Although the case was settled out of court, 300,000 users were banned from Napster as a result and METALLICA's image took a tremendous beating in the eyes of music fans.
Metallica are no longer under contract with Warner Bros. Music but the bulk of their catalog is under the WB umbrella.
No word on changing the bands name to Nap-Tallica.... just kidding!
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