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ThursdayNov 01, 2007 6:32 pm

Napster, Inc. (NAPS) Announces Revenue Increase of 24%

Earlier today, Napster (NAPS) reported corporate balance sheets. According to these fiscal results, net revenue for the second quarter of fiscal year 2008 has grown to $31.6 million, an increase of 24% from the $25.5 million revenue reported during 2007. Net loss for the second quarter of fiscal 2008 narrowed to $5.1 million, or $0.12 per basic and diluted share. Compared to the net loss of $9.0 million or $0.21 per basic and diluted share in the second of 2007, this represents a significant increase in the company's cash flow. Napster ended the second fiscal quarter with $68.4 million of…

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TuesdayOct 16, 2007 5:49 pm

Napster, Inc. (NAPS) Debuts New Web-Based Offering

Napster Inc (NAPS), an infamous internet based music service company, announced that it will allow users to play downloaded music from any computer without having to download any additional software. The strong move by the company could attract a greater customer base. Before this new program was announced, Napster subscribers could only listen to their music after they finished downloading the Napster software application on their personal computers. This model was similar to the Apple Inc. (AAPL) iTunes Music Store, an application that controls 70% of all digital music sales. Napster now sells subscription services that range from 10 dollars to…

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ThursdayAug 02, 2007 10:17 am

Napster, Inc. (NAPS) Unique Music Distribution Service Widely Appeals to Consumers

Napster’s music service allows customers to download an unlimited amount of music while staying within the guidelines set by the United States. For their subscription fee, users can explore thousands of songs and transfer them to their MP3 players. The company’s business strategy has been recognized by top media publications such as PC Magazine, The New York Times, Cargo, Associated Press, and Hartford Courant. The New York Times stated, “When used to its fullest extent, Napster To Go lays iTunes flat”. All the digital music files are encoded as high-quality 192Kbps WMAs in order to deliver the purest form of…

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