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Napster Inc

October 26, 2006 | Joseph Menn, Times Staff Writer
Record labels and music publishers won a round in their copyright lawsuit against Napster and its two lead investors when a judge ruled Wednesday that Hummer Winblad Venture Partners improperly urged its employees to delete e-mail about the pioneering song-swapping service. If the 3-year-old San Francisco lawsuit reaches trial, jurors will be told they can infer that the e-mail would have hurt the venture capital firm's defense, U.S. District Judge Marilyn Hall Patel ruled.
August 3, 2006 | From the Associated Press
Napster Inc. said its fiscal first-quarter loss narrowed from the year-earlier period as the Los Angeles-based online music service posted record revenue and boosted its subscriber rolls during the quarter. For the quarter ended June 30, Napster's loss was $9.8 million, or 23 cents a share, compared with $19.9 million, or 46 cents, in the year-earlier period. Revenue rose to $28.1 million, up from $21 million a year ago. Shares of Napster rose 13 cents to $2.75.
May 2, 2006 | From Reuters
Napster Inc., the onetime renegade music download service, has returned to its roots with a new Web service that offers users the chance to listen to more than 2 million tracks for free. Santa Clara-based Napster will split advertising revenue with the record companies. Users can listen to songs up to five times before having to pay.
February 9, 2006 | Dawn C. Chmielewski, Times Staff Writer
Napster Inc., the name that launched the digital music revolution, is burning through cash and struggling to find an audience as a viable subscription service. The company reported a loss of $17 million for its fiscal third quarter -- a smaller deficit than Wall Street had expected. Revenue soared 94% to $23.5 million. A year earlier, the company had a profit of $12.8 million, reflecting earnings from discontinued operations. Napster shares, up 3 cents to $3.61 in regular trading, rose to $3.
August 4, 2005 | From Reuters
Online music service Napster Inc. posted a wider quarterly loss Wednesday but beat Wall Street estimates as a result of improved gross margins and increased subscriptions and a la carte sales. The Los Angeles-based company posted a fiscal first-quarter net loss of $19.9 million, or 46 cents a share, compared with a loss of $2.6 million, or 8 cents, a year earlier. Revenue grew 167% to $21 million. Analysts on average had forecast a loss of 61 cents a share and revenue of about $19.9 million.
June 16, 2005 | From Associated Press
Wireless equipment maker LM Ericsson and online music distributor Napster Inc. are launching a digital music service for mobile phones. The service will let users download Napster's music files to their handsets or other mobile devices, the companies said. It is set to go live in Europe in the next 12 months and initially will be offered in selected markets in Europe, Asia, Latin America and North America.
March 4, 2005 | From Bloomberg News
Napster Inc., the Los Angeles-based online music service, increased its fourth-quarter sales forecast because of rising demand for its monthly subscription service. Napster, which is spending $30 million to spur sales of its Napster to Go service, expects revenue of $15 million in the quarter ending this month, up from a previous forecast of $14 million. Napster customers can download an unlimited number of songs from a catalog of more than a million tunes for $14.95 a month.
February 10, 2005 | From Bloomberg News
Napster Inc., an online music service, said Wednesday that its loss from continuing operations narrowed in its fiscal third quarter as sales increased more than threefold. The loss from continuing operations was $16.4 million, or 47 cents a share, compared with $17.9 million, or 64 cents, a year earlier, the Los Angeles-based company said. Sales increased to $12.1 million in the period ended Dec. 31 from $3.6 million. The company, which sold its Roxio software unit to Novato, Calif.
August 12, 2004 | From Associated Press
Napster has struck an agreement with the U.S. government to offer its online music download service to members of the military and their families at a reduced price. As part of the arrangement with the Army and Air Force Exchange Service, Napster agreed to discount the price of its song downloads and subscription service by 10%. Napster, owned by Santa Clara, Calif.-based software maker Roxio Inc., normally sells individual song downloads for 99 cents, full albums starting at $9.
July 16, 2004 | Geoff Boucher
Dave Matthews will be a poster boy for Napster, at least for music customers wandering the aisles of Best Buy. The Dave Matthews Band on Thursday made its entire catalog of music available for purchase on Napster, and the now-legit music service will use the fan-favorite jam band as famous faces to promote its new alliance with Best Buy. "Getting our music into the hands of our fans has always been our No. 1 concern," Matthews said.
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