Blog Post

Napster Increases Service Prices; Market in Wait-And-See Mode

Napster (NSDQ: NAPS), the online music service, has quietly increased its monthly subscription prices, from the previous $9.95 a month to a relatively big jump to $12.95, a jump of 30 percent, according to an e-mail it sent out to subscribers. It says this is the first price change in four years, and will take effect beginning on January 30. It is offering current members the same old price if they sign up for another year.

Meanwhile, Bear Stearns initiated coverage on Napster today, and came out with a report which said, not surprisingly, that