Shawn Fanning has been doing more than simply riding high on the Napster phenomenon and appearing in Volkswagon commercials. In 2006, he created a new social networking site called Rupture, which shares game achievements from Halo 3, WoW, Madden 08 and other games with your friends. Now, EA is purchasing Rupture in a $30 million deal, making Fanning a happy, happy man (again).
Electronic Arts will be most likely utilizing the technology behind Rupture -- which never left its closed beta phase -- to improve its own online multiplayer experiences. As for Fanning, this is his first truly successful venture, following the bankruptcy of Napster, and the modest sub-5mil acquisition of SnoCap, the young entrepreneur's second company.
[Via Massively]
Reader Comments (9)
Posted: May 9th 2008 11:10PM karmaghost said
Sounds like he's doing pretty well for himself. Big-ups.
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Posted: May 9th 2008 11:22PM (Unverified) said
I think it's pretty interesting how someone can create a file sharing program that allows millions of people to download music then get sued by the RIAA out of house and home and still go on without a hitch. major props.
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Posted: May 10th 2008 4:40AM PhaseDMA said
I'm pretty sure he never handed over a single penny to the RIAA. It was all software he handed over, and I could be wrong, but I'm pretty sure he gets revenue from the legal Napster.
If that's what you call being sued out of house and home sign me up for a spot on the corner of the street any day of the week.
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If that's what you call being sued out of house and home sign me up for a spot on the corner of the street any day of the week.
Posted: May 10th 2008 11:54AM (Unverified) said
it's confusing, read it again. I said the people using the program were getting sued out of house and home. Not the creator. You've never heard of RIAA suing the users for 10,000XX dollars?
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Posted: May 10th 2008 1:49PM doom saber said
Well, your paragraph makes it sound as if the creator and not the millions of people were being sued, which I and Anthony intially thought you were referrin to the creator.
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