Napster loss forecast
p2p news / p2pnet: Sorely troubled Napster, among the tiny handful of firms competing in the corporate music industry’s virtually non-existent online music market, won’t this year be losing quite as much money as it had originally feared.
“Napster expects to report fiscal fourth quarter revenue in excess of $26 million, a substantially narrower net loss than originally projected, and a cash and short-term investments balance in excess of $103 million,” it says in a statement.
How did it manage that?
"We significantly reduced our operating expenses, continuing to deliver on our commitment to substantially decrease our cash burn," states Napster chairman and ceo Chris Gorog.
"We look forward to providing further financial and operational updates on our scheduled year-end conference call."
April 20th, 2006 at 3:56 pm
Wow!, people actually still use Napster ?
April 20th, 2006 at 4:16 pm
“still use napster?”
of course this Napster bearing no resemblance to the P2P Napster of the file sharing world of years ago.
ddnet4130@yahoo.ca
April 20th, 2006 at 5:07 pm
it doesn’t bear a resemblance to anything especially a music site
April 20th, 2006 at 6:22 pm
A music service is of little value if its users can’t play back their purchases where and how they want.
http://www.columbiaspectator.com/vnews/display.v/ART/2006/04/20/44472bee03db7
April 20th, 2006 at 8:48 pm
It’s a rent to lose music site. Keep paying, or lose the tunes.
April 21st, 2006 at 5:16 am
renting music is the same as satellitte radio.
XM and Sirius have got about 10 MILLION or more subscriber’s between them.
if you TOP paying you LOSE your money.
Napster subscriptions are a music SERVICE
you LOSE ACCESS to the music. the music was NEVER yours to
keep so you CAN’t lose it. you only lose ACCESS to the music
if you WANT to buy it to KEEP you CAN BUY it from Napster as well.
April 21st, 2006 at 11:57 pm
I want my music how I want it. I want to be able to choose the bit rate. I don’t want copy protection encoded. I want to own it. I’m not paying more than 20 cents a track. Until I get that I’ll just steal.
-Customer