Napster Q3 revenues fell by 21.6% year-on-year to $27.3m

Technology firm RealNetworks has published its latest quarterly financial results, and as usual, they include figures for Napster, its music-streaming subsidiary. The key figure: $27.3m. That’s Napster’s revenues for the third quarter of 2019, which represents a 21.6% drop year-on-year from its $34.8m revenues in Q3 2018 (which in turn were down 18.7% on the $42.8m of revenues […]

Napster’s Angel Gambino talks tech, Ek and streaming’s evolution

Angel Gambino has been in the digital trenches since the late 1990s. Her career has seen her work in early social gaming (for Gameplay·com); test the digital waters for TV (at the BBC and Viacom); and forge content strategies for social networking (Bebo). In 2019, she’s putting the lessons learned to work in her current […]

Next for music subscriptions: new markets, diversity and rethinking value

The music industry made around $7.1bn from streaming subscriptions in 2018, according to industry body the IFPI. That was 32.9% year-on-year growth, with subscriptions generating 37% of global recorded-music revenues. How can the music industry (and the streaming services) build on that growth in the coming years? What will drive the next spikes in paid […]

Napster wants to power more music-streaming services in Asia

Napster remains a consumer-brand streaming service, but the company’s energies are focusing ever-more keenly on its B2B business, and ‘powered by Napster’ services launched by brands and other partners. Now Napster’s parent company Rhapsody International is making a new push with that strategy in Asia, via a partnership with Vietnamese tech company GNT. The pair […]

Rhapsody to pay up to $10m in songwriter-lawsuit settlement

It wasn’t just Spotify facing the prospect of class-action lawsuits from songwriters over streaming royalties in recent years. Rhapsody (now operating as Napster) was also on the wrong end of a case brought by David Lowery, Victor Krummenacher and David Faragher. Now the company has released details of a settlement that will see it paying […]

RealNetworks doubles its stake in Napster for up to $40m

RealNetworks has announced that it has doubled its stake in music-streaming service Napster to 84%, after agreeing a deal with co-owner Columbus Nova Technology Partners. RealNetworks is paying $1m in cash up-front, a further $14m “over time subject to certain conditions”, although the final bill could reach $40m if Napster is sold (or has a “similar liquidity […]

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