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| UPDATED: 2007-11-02 |
 Friday's Music 2.0 Briefing: Napster Looses $5M... 
By: Bruce Houghton 2007-11-02 ... and 20K Subs, WMG Nixes Nokia & Much More. Napster's second-quarter loss narrowed from a year ago on higher revenue from... ...subscriptions and mobile music sales despite a decline of 20,000 paid subscribers. The company reported a net loss of $5.1 million for the fiscal quarter that ended Sept. 30 vs. $9 million loss for the same quarter last year. Napster ended the quarter with $68.4 million in cash up $1.3 million from the previous quarter. (more) >>> A major stock analyst has downgraded WMG and sees more trouble ahead. (Seeking Alpha) >>> WMG is withholding content from Nokia Corp's new music Music Store web site over concerns about illegal downloads. (Reuters) >>> A first look at the Nokia online and mobile Music Store nets mixed results. (Tech Digest) >>> AlbumBase which uses temporary file sharing sites could be the latest hard to cure headache for the RIAA and labels. >>> The Led Zeppelin and Ahmet Ertegen Tribute concerts have been postponed until Dec 10 because Jimmy Page broke a finger. (BBC) >>> The UK to add streamed music to charts. (Billboard) >>> imeen adds product from IRIS Distribution. (press release) Comments Tag: Napster Add to  Del.icio.us |  Digg |  Reddit |  Furl About the Author: Bruce Houghton is a 25 year music industry veteran who owns booking agency Skyline Music and the tour marketing company Skyline Innovations. http://www.hypebot.com |
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