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Napster Loses 52K Subscribers In 90 Days

Napster The latest financial report from Napster showed only slightly wider losses of 4.4 million up from 4.3 million in the previous quarter. But a closer look at the numbers painted a much bleaker picture..

Raising the music subscription price from $9.95 to $12.95 monthly has led to to drop in subscribers from 760,000 to 708,000 just 90 days prior.  A switch to DRM free mp3 downloads failed to ignite much interest with download sales rising just 5% overall for the quarter. Read the full financial report here.