Napster reports $44.2m revenues for the first half of 2021

Merger completed with MelodyVR, Napster today offered the first half-year figures for the combined company. The post Napster reports $44.2m revenues for the first half of 2021 appeared first on Music Ally. Source: Music ally

RealNetworks filing reveals Napster revenues of $106.3m in 2019

The latest financial results from technology firm RealNetworks include figures for its Napster subsidiary: $106.3m of revenues for 2019. Napster’s cost of revenues for the year were $85.9m, with operating expenses of $25.8m leading to it recording an operating loss of $5.4m for the year. Napster’s revenues were $143.8m in 2018, which would indicate a 26.1% year-on-year […]

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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