For the three month period that ended December 31st, Napster posted a net loss of $2.8 million USD, a huge drop compared to the $9.5 million USD loss they posted the year before for the same period.
The company, which survives primarily on its monthly music subscription service, announced last month that it will begin selling DRM-free tracks in MP3 format, putting another nail in DRM's coffin.
Napster also said revenue for the quarter was $32.8 million USD, up 15 percent from the comparable quarter a year ago. The company also stated that they finished the quarter with 743,000 subscribers, a minuscule decline from the previous quarter.
Written by: Andre Yoskowitz @ 7 Feb 2008 15:31