Advertisement
YOU ARE HERE: LAT HomeCollectionsNapster Inc
IN THE NEWS

Napster Inc

BUSINESS
January 3, 2007 | From Bloomberg News
Apple Computer Inc., Google Inc. and Napster Inc. were sued by online movie distributor Intertainer Inc. and accused of infringing a patent on a way to distribute digital entertainment over the Internet. Apple, maker of the iPod music player; Google, the most-used Internet search engine; and Napster, a seller of songs online, are using the patented technology without permission, Intertainer said in a complaint Friday in federal court in Marshall, Texas.
Advertisement
BUSINESS
November 9, 2006 | From the Associated Press
Napster Inc. said its fiscal second-quarter loss narrowed from a year earlier, beating Wall Street estimates, as the online music service saw a boost in revenue. The Santa Clara-based company, which said in September that it was exploring a possible sale, reported a net loss of $9 million, or 21 cents a share, for the fiscal quarter ended Sept. 30. That compared with a loss of $13.6 million, or 32 cents, a year earlier. Revenue increased 9% to $25.5 million.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
Los Angeles Times Articles
|