Shawn Fanning created Napster in his dorm room at Northeastern. It was the fastest-growing application in the history of the Internet. We changed the world but failed to achieve business success. Here is a glimpse into that story. Napster started out as a free download tool for college students. Later the goal was to make it a real business in …

At a news conference Tuesday in Paris, Apple CEO Steve Jobs criticized the music industry for considering a hike in the price of digital downloads, according to a Reuters story. “If they want to raise the prices, it means that they are getting greedy,” Jobs said. “If the price goes up, (consumers) will go back to piracy, and everybody loses.”

India portal Rediff.com has debuted a music download service that is powered by Akamai Technologies’ delivery platform, the companies announced Monday. Rediff meshed its payment gateway with Akamai’s secure delivery and download service, they said. “The demand for media of all types–music, movies, games and more–is enormous and growing rapidly. However, there are many challenges to successfully monetizing media assets …