Blog Post

Napster, MusicNet Report Happier Numbers

Both Napster and Musicnet reported their subscriber numbers today, and some seemingly good news form both:
— Napster says it will announce financial results May 16 that show it had more than $28 million in revenue during Q1 this year. The consensus estimate had been for $26.6 million revenue, according to Thomson Financial. Paid subscribers totaled more than 830K during the quarter, which makes it the biggest subscription music provider, the company says. This includes the 225,000 AOL Music Now subscribers that it bought in from AOL. It added another 40,000 net paid subscribers during the quarter. Details in release.
— Meanwhile, MusicNet, the B2B digital music service provider, though not public, has reported some relative subscriber numbers for the first time. It powers the music service for Yahoo, MTV, HMV, Virgin, Samsung Electronics, iMesh, BearShare, Synacor and it’s affiliates which include Time Warner Cable and Charter, among others. There were 400 million plays in January and February, with an average of 6.8 million plays per day; exceeded 200 million plays in March. The breakdown of subscription plays is about 35 percent streams, 55 percent PC downloads, 10 percent portable downloads