Napster Posts Stronger Quarter

Things are looking up a bit at Napster. Revenue for the quarter will reach $31 million or $127 million for the fiscal year. The fiscal quarter generated positive cash flow marking the fourth consecutive quarter of positive cash flow.  Napster’ worldwide subscriber base increased to approximately 760,000 as of March 31, 2008.

But long term prospects for Napster remain mixed as the company continues to lag both in innovation and the move to DRM free. (press release)