Friday’s Music 2.0 Briefing: Napster Looses $5M And 20K Subs, WMG Nixes Nokia & Much More

>>> Napster’s second-quarter loss narrowed from a year ago on higher revenue from subscriptions and mobile music sales despite a decline of 20,000 paid subscribers. The company reported a net loss of $5.1 million for the fiscal quarter that ended Sept. 30 vs. $9 million loss for the same quarter last year. Napster ended the quarter with $68.4 million in cash up $1.3 million from the previous quarter. (more)

>>> A major stock analyst has downgraded WMG and sees more trouble ahead. (Seeking Alpha)

>>> WMG is withholding content from Nokia Corp’s new music Music Store web site over concerns about illegal downloads. (Reuters)

>>> A first look at the Nokia online and mobile Music Store nets mixed results. (Tech Digest)

>>> AlbumBase which uses temporary file sharing sites could be the latest hard to cure headache for the RIAA and labels.

>>>  The Led Zeppelin and Ahmet Ertegen Tribute concerts have been postponed until Dec 10 because Jimmy Page broke a finger. (BBC)

>>> The UK to add streamed music to charts. (Billboard)

>>> imeen adds product from IRIS Distribution. (press release)

>>> OurDigitalMusic has 5 Indie Bands You Need To Know About.

T.G.I.F.