Infinite Reality, a Florida-based startup valued at **$15 billion**, rebrands as **Napster Corporation**, reviving the iconic 1999 peer-to-peer file-sharing platform. The company, which had **1,500 shareholders**, announced the shift in a private Zoom meeting on **May 15**, though it now focuses on AI rather than its original music-sharing model. Napster’s original cofounder, **Sean Parker**, is no longer affiliated with the company, which filed for bankruptcy in **2002** after peaking with **75 million users**.
Napster is rebranding from Infinite Reality and shifting its focus to AI-driven ventures. The company plans to establish its headquarters in Fort Lauderdale, leveraging its iconic name for new technological initiatives.
May 2025South Florida Business JournalNews article
Infinite Reality Acquires the Drone Racing League for 250 Millionglobenewswire.com/news-release/2024/04/23/2867526/0/en/infinite-reality-acquires-the-drone-racing-league-for-250-million-solidifying-position-as-global-leader-in-immersive-technology-experiences.html
Infinite Reality acquires the Drone Racing League for $250 million. The company presents the deal as solidifying its position in immersive technology experiences.
