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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
        STATES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
        AND EXCHANGE COMMISSION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Washington,
        D.C. 20549</strong></font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman"><strong>FORM
        8-K</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
        REPORT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PURSUANT
        TO SECTION 13 OR 15(D) OF THE</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
        EXCHANGE ACT OF 1934</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Date
        of Report (Date of earliest event reported): October 14,
        2005</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 22pt; FONT-FAMILY: Times New Roman"><strong>Napster,
        Inc.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(Exact
        name of registrant as specified in its charter)</strong></font></div>
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                  </strong></font></div>
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                  or other jurisdiction of incorporation) </font></div>
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                  File No.) </font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(I.R.S.
                  Employer Identification Number)</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Napster,
        Inc.</strong></font></div>
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        Melrose Ave.</strong></font></div>
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        of principal executive offices)</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant&#8217;s
        telephone number, including area code: </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(310)
        281-5000</strong></font></div>
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        </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(Former
        name or former address, if changed since last report.) </strong></font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions (</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>see
        </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">General
        Instruction A.2. below): </font></div>
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                  material pursuant to Rule&#160;14a-12 under the Exchange Act
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
        1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        October 14, 2005, in connection with the formation and operation of Napster
        Japan, Inc., a Japan-based joint venture company (&#8220;Napster Japan&#8221;) for the
        purpose of operating the Napster online music service across digital
        distribution channels in Japan, Napster LLC (&#8220;Napster LLC&#8221;), a subsidiary of
        Napster, Inc. (the &#8220;Company&#8221;), entered into a Joint Venture Operating Agreement
        (the &#8220;Joint Venture Agreement&#8221;) with Tower Records Japan, Inc. (&#8220;Tower Japan&#8221;),
        Nikko Principal Investments Japan Ltd. (&#8220;NPI&#8221;) and Napster Japan, and a License
        Agreement with Tower Japan and Napster Japan (the &#8220;License Agreement&#8221;, and
        together with the Joint Venture Agreement, collectively, the &#8220;Agreements&#8221;). The
        execution by Napster LLC of the Memorandum of Understanding dated August
        3, 2005
        with Tower Japan (the &#8220;Memorandum of Understanding&#8221;) in connection with the
        Japan-based joint venture was previously described on the Company&#8217;s Current
        Report on Form 8-K filed with the Securities and Exchange Commission on August
        3, 2005. The Agreements and certain ancillary agreements supersede and replace
        in its entirety the Memorandum of Understanding. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Under
        the
        Joint Venture Agreement, Napster LLC will contribute 308,700,000 Japanese
        Yen to
        Napster Japan in exchange for a 31.5% ownership interest in Napster Japan.
        Other
        than pursuant to certain permitted transfers, the parties will be prohibited
        from transferring their interest in Napster Japan for a period expiring on
        the
        earlier of four (4) years from the incorporation of Napster Japan and the
        closing of a firmly underwritten public offering of Napster Japan&#8217;s shares.
        Additionally, Napster LLC will have certain veto rights and rights to appoint
        certain directors and officers. In connection with the joint venture, Tower
        Japan will support Napster Japan&#8217;s marketing and advertising activities and
        provide to Napster Japan certain content license procurement and back-offices
        services on a cost-plus basis. Tower Japan will also have debt and equity
        funding obligations to Napster Japan, including the establishment of an
        unsecured revolving loan facility. The parties will be prohibited from competing
        with Napster Japan within the territory of Japan for the term of the Joint
        Venture Agreement and, in certain instances, for one (1) year thereafter.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Joint
        Venture Agreement is terminable in connection with certain events of default,
        including the breach by any party of the material terms of the Joint Venture
        Agreement or the failure by any party to meet capital contribution requirements.
        It also is terminable at the option of either Napster LLC or Tower Japan
        (the
&#8220;Major Shareholders&#8221;) if Napster Japan fails to meet revenue milestones within
        30 months of the launch of the Napster service in Japan. Additionally, each
        of
        the Major Shareholders (the &#8220;Non-Defaulting Party&#8221;) will have the option (the
&#8220;Special Event of Default Option&#8221;) exercisable upon the occurrence of certain
        events of default committed by the other Major Shareholder (the &#8220;Defaulting
        Party&#8221;) to exercise all voting rights of the Defaulting Party under the Joint
        Venture Agreement. Upon the exercise of the Special Event of Default Option,
        the
        Non-Defaulting Party will no longer be bound by the non-competition and
        non-solicitation provisions of the Joint Venture Agreement. The Defaulting
        Party
        will remain bound by such provisions for the duration of the term and for
        one
        (1) year thereafter. The Joint Venture Agreement will automatically terminate
        one (1) year after the exercise by a Non-Defaulting Party of the Special
        Event
        of Default Option.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Under
        the
        License Agreement, Napster LLC will license certain intellectual property
        rights
        to Napster Japan, including platform technology and trademarks in exchange
        for
        royalties. The License Agreement is terminable upon certain events of default,
        including material uncured breaches by any party of the License Agreement.
        </font></div><br>
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      <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
        1.02. TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Reference
        is made to Item 1.01 of this Form 8-K, which is incorporated into this
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
        1.02
        by reference. As indicated in Item 1.01, the Agreements and certain ancillary
        agreements supersede and replace in its entirety the Memorandum of
        Understanding. A description of the material terms of the Memorandum of
        Understanding is contained on the Company&#8217;s Current Report on Form 8-K filed
        with the Securities and Exchange Commission on August 3, 2005, which description
        is incorporated by reference in this Form 8-K.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">_________________________________________.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        foregoing summary of the material terms of the Agreements is qualified in
        its
        entirety by reference to the full text of the Agreements, which will be filed
        as
        exhibits to the Company&#8217;s quarterly report on Form 10-Q for the quarter ending
        December 31, 2005. </font></div><br>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
        to the requirements of the Securities Exchange Act of 1934, as amended, the
        Registrant has duly caused this report to be signed on its behalf by the
        undersigned hereunto duly authorized.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
        October 14, 2005</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

            <tr valign="top" bgcolor="#ffffff">
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td colspan="2">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Napster,
                  Inc.</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant)</font></div>
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
              <td>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                  William E. Growney, Jr.</font></div>
              </td>
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                  William E. Growney, Jr.</font></div>
              </td>
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              <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
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                  Secretary</font></div>
              </td>
            </tr>

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{"company-data": {"conformed-name": "NAPSTER INC", "cik": "0001122787", "assigned-sic": "7371", "irs-number": "770551214", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-32373", "film-number": "051147131"}, "business-address": {"street1": "9044 MELROSE AVENUE", "city": "LOS ANGELES", "state": "CA", "zip": "90069", "phone": "3102815000"}, "mail-address": {"street1": "9044 MELROSE AVENUE", "city": "LOS ANGELES", "state": "CA", "zip": "90069"}, "former-company": {"former-conformed-name": "ROXIO INC", "date-changed": "20000825"}}
UNITED
        STATES
SECURITIES
        AND EXCHANGE COMMISSION
Washington,
        D.C. 20549
FORM
        8-K
CURRENT
        REPORT
PURSUANT
        TO SECTION 13 OR 15(D) OF THE
SECURITIES
        EXCHANGE ACT OF 1934
Date
        of Report (Date of earliest event reported): October 14,
        2005
Napster,
        Inc.
(Exact
        name of registrant as specified in its charter)
Delaware
000-32373
77-0551214
(State
                  or other jurisdiction of incorporation)
(Commission
                  File No.)
(I.R.S.
                  Employer Identification Number)
Napster,
        Inc.
9044
        Melrose Ave.
Los
        Angeles, CA 90069
(Address
        of principal executive offices)
Registrant's
        telephone number, including area code:
(310)
        281-5000
N/A
(Former
        name or former address, if changed since last report.)
Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions (
see
General
        Instruction A.2. below):
o
Written
                  communication pursuant to Rule 425 under the Securities
                  Act (17 CFR
                  230.425)
o
Soliciting
                  material pursuant to Rule 14a-12 under the Exchange Act
                  (17 CFR
                  240.14a-12)
o
Pre-commencement
                  communications pursuant to Rule 14d-2(b) under the Exchange
                  Act (17
                  CFR 240.14d-2(b))
o
Pre-commencement
                  communications pursuant to Rule 13e-4(c) under the Exchange
                  Act (17
                  CFR 240.13e-4(c))
ITEM
        1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On
        October 14, 2005, in connection with the formation and operation of Napster
        Japan, Inc., a Japan-based joint venture company ("Napster Japan") for the
        purpose of operating the Napster online music service across digital
        distribution channels in Japan, Napster LLC ("Napster LLC"), a subsidiary of
        Napster, Inc. (the "Company"), entered into a Joint Venture Operating Agreement
        (the "Joint Venture Agreement") with Tower Records Japan, Inc. ("Tower Japan"),
        Nikko Principal Investments Japan Ltd. ("NPI") and Napster Japan, and a License
        Agreement with Tower Japan and Napster Japan (the "License Agreement", and
        together with the Joint Venture Agreement, collectively, the "Agreements"). The
        execution by Napster LLC of the Memorandum of Understanding dated August
        3, 2005
        with Tower Japan (the "Memorandum of Understanding") in connection with the
        Japan-based joint venture was previously described on the Company's Current
        Report on Form 8-K filed with the Securities and Exchange Commission on August
        3, 2005. The Agreements and certain ancillary agreements supersede and replace
        in its entirety the Memorandum of Understanding.
Under
        the
        Joint Venture Agreement, Napster LLC will contribute 308,700,000 Japanese
        Yen to
        Napster Japan in exchange for a 31.5% ownership interest in Napster Japan.
        Other
        than pursuant to certain permitted transfers, the parties will be prohibited
        from transferring their interest in Napster Japan for a period expiring on
        the
        earlier of four (4) years from the incorporation of Napster Japan and the
        closing of a firmly underwritten public offering of Napster Japan's shares.
        Additionally, Napster LLC will have certain veto rights and rights to appoint
        certain directors and officers. In connection with the joint venture, Tower
        Japan will support Napster Japan's marketing and advertising activities and
        provide to Napster Japan certain content license procurement and back-offices
        services on a cost-plus basis. Tower Japan will also have debt and equity
        funding obligations to Napster Japan, including the establishment of an
        unsecured revolving loan facility. The parties will be prohibited from competing
        with Napster Japan within the territory of Japan for the term of the Joint
        Venture Agreement and, in certain instances, for one (1) year thereafter.
The
        Joint
        Venture Agreement is terminable in connection with certain events of default,
        including the breach by any party of the material terms of the Joint Venture
        Agreement or the failure by any party to meet capital contribution requirements.
        It also is terminable at the option of either Napster LLC or Tower Japan
        (the
"Major Shareholders") if Napster Japan fails to meet revenue milestones within
        30 months of the launch of the Napster service in Japan. Additionally, each
        of
        the Major Shareholders (the "Non-Defaulting Party") will have the option (the
"Special Event of Default Option") exercisable upon the occurrence of certain
        events of default committed by the other Major Shareholder (the "Defaulting
        Party") to exercise all voting rights of the Defaulting Party under the Joint
        Venture Agreement. Upon the exercise of the Special Event of Default Option,
        the
        Non-Defaulting Party will no longer be bound by the non-competition and
        non-solicitation provisions of the Joint Venture Agreement. The Defaulting
        Party
        will remain bound by such provisions for the duration of the term and for
        one
        (1) year thereafter. The Joint Venture Agreement will automatically terminate
        one (1) year after the exercise by a Non-Defaulting Party of the Special
        Event
        of Default Option.
Under
        the
        License Agreement, Napster LLC will license certain intellectual property
        rights
        to Napster Japan, including platform technology and trademarks in exchange
        for
        royalties. The License Agreement is terminable upon certain events of default,
        including material uncured breaches by any party of the License Agreement.
ITEM
        1.02. TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
Reference
        is made to Item 1.01 of this Form 8-K, which is incorporated into this
Item
        1.02
        by reference. As indicated in Item 1.01, the Agreements and certain ancillary
        agreements supersede and replace in its entirety the Memorandum of
        Understanding. A description of the material terms of the Memorandum of
        Understanding is contained on the Company's Current Report on Form 8-K filed
        with the Securities and Exchange Commission on August 3, 2005, which description
        is incorporated by reference in this Form 8-K.
_________________________________________.
The
        foregoing summary of the material terms of the Agreements is qualified in
        its
        entirety by reference to the full text of the Agreements, which will be filed
        as
        exhibits to the Company's quarterly report on Form 10-Q for the quarter ending
        December 31, 2005.
SIGNATURES
Pursuant
        to the requirements of the Securities Exchange Act of 1934, as amended, the
        Registrant has duly caused this report to be signed on its behalf by the
        undersigned hereunto duly authorized.
Date:
        October 14, 2005
Napster,
                  Inc.
(Registrant)
By:
/s/
                  William E. Growney, Jr.
Name:
                  William E. Growney, Jr.
Title:
                  Secretary