More on Napster From Earnings Call: Napster.com Relaunch Details

Napster, which announced its earnings yesterday, gave some more details in the earnings conference call (transcript from SeekingAlpha), specially about the relaunch of Napster.com. And just notice how many times CEO Chris Gorog used the word “excited” or variation of it. He’s very excited, you know….
— In this environment of free plays on demand, we actually increased track sales over 15% in the first two weeks
— Revenues from international, including the UK and Germany, totaled approximately $3.4 million, or 13% of revenues for the quarter.
— Operating expenses for the quarter totaled $17.4 million, down from the previous quarter of $24.6 million, as we dramatically reduced broad-based advertising.
— The $2.2 million investment in unconsolidated entity represents our net investment in Napster Japan and includes our second and final payment of $1.4 million or our 31% equity stake in the JV.
“Lowering SAC, decreasing churn, increasing the lifetime value of our customers, are key goals of Napster.com. While the free music experience at Napster.com has certainly been designed in part as a marketing tool for our paid music products, we also believe we have created the foundation for an important stand alone media property on the web.”

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