Napster co-founder backs Stability AI’s music push alongside all three major labels

05/10/2026 · Source: We Rave You ↗

Sean Parker’s first act in music ended in court. Napster, the service he co-founded, was shut down in 2001 after the major labels sued. His second act has those same labels on the investor list. Sony Music Group, Universal Music Group and Warner Music Group joined Stability AI’s $76 million Series B on August 25. … Continued