Back when the original Napster was approaching its peak, there was a secret meeting in Sun Valley Idaho between them and high-level representatives from the major record labels. The goal was to try and hammer out a deal whereby the labels and Napster could find some kind of peaceful and mutually profitable co-existence.
Of course, that never happened, thanks to intransigence and some dickheaded-ness on both sides. Instead, a war was declared, resulting in mutually assured destruction. Napster was eventually sued out of business and the label chose to protect their business of selling pieces of plastic by fighting the rise of digital distribution of any sort. We all know how that’s turned out.
I was reminded of that lost Sun Valley opportunity by this article in Billboard wherein music attorney Lee Phillips muses about what might have happened if the labels had bought Napster when they could. Give it a read.