Napster revenues down, but unlike music-streaming rivals it’s profitable

Music-streaming service Napster is on track to record a net profit in 2018, despite its revenues having dropped by nearly 28% since the company’s peak in 2016. Napster recorded net profits of $4.4m and $2.1m respectively in the first two quarters of this year, although its $76.5m revenues for the first half of 2018 compare […]

Napster boss: ‘Even a 20% slice of a $20bn market is a $4bn market…’

Spotify, Apple Music, Amazon and YouTube may hog many of the streaming headlines, but Rhapsody International / Napster is still going as a global streaming service too. Its president and CEO Bill Patrizio outlined the company’s strategy, in a keynote session at the Midem conference today. He was interviewed by Midia Research MD Mark Mulligan. […]

Music-streaming trends, from A&R to global/local evolution

At today’s Midem conference in Cannes, a pair of afternoon sessions at the event’s ‘Streaming Summit’ focused on some of the evolving trends around the music-streaming world. The first explored the question of whether streaming services are “the new A&Rs”, with a sparky (if, unfortunately, all-male) panel including Epidemic Sound CEO Oscar Hoglund; Playground Music […]

Napster appoints Bill Patrizio as president and CEO

Streaming service Napster has a new, permanent boss. Bill Patrizio is no stranger to the company though: he was named as interim CEO in May 2017, while retaining his position as president of consumer media at RealNetworks – which continues to hold a stake in Napster. “He has led a resurgence of the company in […]

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