Napster Offers $1B For Music-Swapping Rights

An unnamed correspondent writes: "CNET is reporting that Napster has offered to pay the music industry $1 billion over 5 years for the rights to unlimited music swapping. That works out to $1.67/month/user with 50 million users." Here's coverage on FoxNews as well, which says: "Under the proposed settlement, $150 million would be paid each year for the first five years to the major record labels -- Sony, Warner, BMG, EMI and Universal -- with an additional $50 million alloted annually for independent labels."