January 13, 2007 |
Napster Inc. will become the exclusive music subscription provider for AOL, replacing AOL's Music Now service and bringing Napster closer to 1 million customers. AOL's 350,000 paying music subscribers will be switched to Napster accounts over the next 60 days unless they opt out, the companies said Friday. Los Angeles-based Napster had a total of 566,000 customers as of Dec. 31.
January 3, 2007 |
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.
November 9, 2006 |
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.
October 26, 2006 |
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 |
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 4, 2006 |
Napster presents: free music. No, I'm not stuck back at the turn of the century, when Napster was launched and it became notorious for allowing the world to illegally share music online. That version of the company was shut down in 2002 under the weight of music industry lawsuits. This week, the revived Napster -- now a fee-based music subscription service -- started to act like it's 1999, allowing nonmembers to access songs in its 2-million-track catalog for free.
May 2, 2006 |
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 |
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 |
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 |
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.