Earnings: Digital Music Group’s Q1 Losses Widen

Digital Music Group, the online music aggregator and distributor, has reported its Q1 numbers, and losses were up to $736K, compared to a net loss of $414K in the year-ago quarter. Revenues came in at $3.4 million compared to $720K in the year-ago quarter. Apple iTunes store accounted for about 70 percent of the company’s revenues for Q1. Lots of other data in the earnings release, which goes on to show how tough it is to make any decent revenues and margins in the digital music market.

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