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# Rhapsody Losses Grow To $5.6M Last Quarter, Product Innovation ‘Coming Soon’
- URL: https://www.hypebot.com/rhapsody-losses-grow-to-56m-last-quarter-product-innovation-coming-soon/
- Published: 2013-11-12T14:21:42.000Z
- Updated: 2013-11-12T14:21:42.000Z
- Description: Financial losses continue to mount at music subscription service Rhapsody, despite a major management shakeup and shedding 15% of its workforce in September. The details were disclosed in a regulatory filing. Continue reading [https://www.hypebot.com/hypebot/2013/11/rhapsody-losses-grow-to-56m-last
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, $5.6 million, Apple, Ethan Rudin, iTunes, iTunes Radio, RealNetworks, Rhapsody, Starbucks, #wp, #wp-post, #Import 2026-01-21 10:43

[![image from www.hypebot.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e2019b00fd9398970c-200wi "image from www.hypebot.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e2019b00fd9398970c-popup?ref=hypebot.com)

Financial losses continue to mount at music subscription service Rhapsody, despite a major [management shakeup](https://www.hypebot.com/rhapsody-sheds-15-of-staff-top-execs/) and shedding 15% of its workforce in September. The details were disclosed in a regulatory filing last week by RealNetworks, which continues to hold a stake in Rhapsody, after spinning it off 2010.

According to the filing, Rhapsody revenue declined to $35.2 million in the quarter, down from $36.4 million in the same quarter last year. A $5.6 million loss compared with a loss of $3.4 million in the same quarter last year. Rhapsody attributes some of the loss to severance packages.

President John Irwin [exited](https://www.hypebot.com/rhapsody-sheds-15-of-staff-top-execs/) in September along with CFO Adi Dehejia and others. Rhapsody's 15% downsizing and leadership shift came just one day before the launch of Apple's iTunes Radio.

**Innovation Ahead**

[![image from www.hypebot.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e2019b00fdc8a4970b-200wi "image from www.hypebot.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e2019b00fdc8a4970b-popup?ref=hypebot.com)

“You’ll also see a lot of innovation coming out of a product road map in the next six months that is not just about the listening experience, but about improving the overall fan experience,” ," a Rhaposdy spokesperson said in a [statement](http://www.geekwire.com/2013/rhapsody-loss-deepens-management-shakeup-regulatory-filing-shows/?ref=hypebot.com).

Rhapsody operates as Napster in Europe and Latin America, and last month announced a[ major partnershiop with mobile operator Telefonica](https://www.hypebot.com/hypebot/2013/10/rhapsody-expands-to-latin-america-europe-with-major-telfonica-deal-.html) there.

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