Blog Post

Napster Breaks Half-Million Sub Mark; Claims $100 Million-Plus On Balance Sheet

Perhaps hoping to tamp down rumors of problems, Napster announced today that it has passed the 500,000 mark for premium paid subscribers. That number doesn’t include the 50,000-plus college students who subscribe though Napster’s campus program. Chairman and CEO Chris Gorog: “With a track record of robust growth, exciting new development in the pipeline and over $100 million on our balance sheet, we are extremely excited about the future of Napster.” The company says more details will be provided during the Feb. 8 earnings call. Press release.

Related: The Napster Layoffs/Sale Chatter; Loudeye’s Options