Online music co. Napster narrows loss
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Online music retailer Napster Inc. said Thursday it narrowed losses in its fiscal third quarter by adding subscribers and generating record revenue.
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RealNetworks Inc. (RNWK) is ending a temporary promotion that slashed the price of its downloadable songs to 49 cents, but bargain hunters will still be able to find some deals at its online music store...
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Tokyo, Sept. 21 (Jiji Press)--Napster Japan Inc., a joint venture between Tower Records Japan Inc. and Napster LLC, said Thursday it has signed up more than 260 companies to provide content for the online music download service it plans to launch in Japan shortly.
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German media conglomerate Bertelsmann AG   said on Wednesday it had settled litigation related  to file-sharing service Napster.
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By ANNA FIORENTINO Staff Writer  Forget the Napster disaster. iTunes didn't stand a chance.  At least with those looking for free music online.  Just when it seemed the World Wide Web had succumbed to $1.99 download deals, at least one site prevailed.
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With competition heating up in the online music business, RealNetworks, Inc. slashed prices Tuesday for downloading music.
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Napster Music Download &#038; Search Now On Nasdaq  Napster, Inc.  the biggest brand in digital music, today reiterated its guidance for the third quarter ended December 31, 2004 and is set to begin trading on Nasdaq under its new ticker "NAPS" after opening the exchange in a ceremony at the ...
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update Gateway on Thursday posted a narrower third-quarter loss, helped by cost cuts and an increase in PC unit shipments, that could allow it to climb ever closer to turning a profit.
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Shawn Fanning, Napster Founder, is back in to the music download scene, this time around with a legal music service. SNOCAP, Fanning&#39;s new company, will provide value to record labels, artists, online services
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Online store will continue to offer certain songs at low prices, company says.
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The company ended its temporary promotion that saw it slash the price of its downloadable songs to 49 cents. The company launched the promotion last month to compete with Apple&#39;s iTunes service, the market leader.
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Napster launched a portable version of its digital music service in the U.S. and the U.K. on Thursday, hoping to tempt users with an "all-you-can-eat" monthly subscription model. Called Napster To Go, the company will charge users $14.95 in the U.S. and Â£14.95 ($29) in the U.K. per month, letting them download an unlimited number of songs onto compatible MP3 players as well as their PCs. Napster users can fill and refill compatible MP3 players with their choice of tracks, but must plug, or dock, the device into their PC at least once every 30 days into order for Napster to verify they are still paying customers. If a user stops paying their monthly subscription fee, the music will no longer play on the device. As with Apple's iTunes, Napster also offers users the option of buying individual tracks for $0.99 in the U.S. and Â£0.79 in the U.K. Napster is the first subscription music service to take advantage of new copy-protection software from Microsoft that allows users to listen to digital music over devices as well as on their PCs.ADVERTISEMENTWhite paper: Solutions to Address IT Control RequirementsLearn how BMC Software Solutions address requirements such as the Sarbanes-Oxley Section 404 in this 20 page whitepaper!
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(InfoWorld) - Napster, the remade version of the popular Internet music sharing service, is in talks over a sale or possible strategic partnership, the company said Monday. The announcement comes as a steady stream of new competitors enter the market, includingÂ SanDisk with partner RealNetworks, andÂ Microsoft with its Zune MarketplaceÂ strategy. It also comes amid a sharp downturn in user figures for Napster, which has seen its user base erode to 512,000 users at the end of June, from 606,000 at the end of March. Napster said it has hired UBS Investment Bank to assist management in the "evaluation of strategic alternatives," in response to interest from a third party in potentially acquiring or establishing a venture with the company. Napster also said it remains in a strong position to continue building its own business, with or without such a deal, highlighting its cash position of $97 million. The announcement sent Napster's Nasdaq-listed stock up 12.4 percent in after-market trading, to $3.99. The company set no timetable for finalizing the evaluation, and said the talks may not result in any deals. Formed in 1999, Napster popularized peer-to-peer music sharing on the Internet, gaining notoriety when a recording industry lawsuit ultimately shut it down and set the precedent for further legal victories over similar online services. A few years after the legal defeat, RoxioÂ bought the rights to its name, and in late 2003Â re-launched itÂ as a legal music download store. Napster faced stiff competition from the moment of its rebirth, mainly from Apple ComputerÂ and its popular iPods, and the iTunes Music Store. Napster currently offers a free 512MB digital music player, or a 1GB one for $50 to users who sign up for its monthly service for three months. It also started an advertising-supported music service in May that allows users to listen more than two million songs at no charge, up to five times each. The company reported a net loss of $9.8 millionÂ in the three months ending June 30, on revenue of $28.1 million.
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EMI Group PLC, one of the world&#39;s biggest music companies, reported a small loss for the first half of its fiscal year Friday but said it expected an improvement in the second half which will reflect the release of several new albums that
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NEW YORK/TOKYO  - Napster Inc. NAPS.O said on   Tuesday it launched an online song distribution site in Japan,   challenging Apple Computer Inc. AAPL.O and popular music   phones.
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XM Satellite Radio Holdings Inc. , which is planning to merge with rival Sirius Satellite Radio , on Monday said its quarterly loss narrowed as it trimmed costs related to growing its base of subscribers.
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While it is struggling to retain subscribers in the United States and even considering a sale of the company, Napster on Tuesday launched its subscription music store in Japan, following through on a promise made last year - albeit six months late.