TITLE

Napster revs up; subs dip

AUTHOR(S)
Fritz, Ben
PUB. DATE
August 2006
SOURCE
Daily Variety;8/3/2006, Vol. 292 Issue 22, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the increase in revenue of online music company Napster Inc. despite the loss of its subscribers in the entertainment industry in Great Britain. The company's revenue grew by 34% compared with the year-earlier quarter, which was helped in part by one-time boost related to pre-paid download cards that were purchased but not used by consumers. However, the company's subscriber base declined by 7%, which is blamed on the ad-supported Web site's recent offerings.
ACCESSION #
21864264

 

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