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Napster On the Block

Posted by ryuzaki0 on from the strong-balance-sheet dept.

Ars Technica has a good wrap of Napster hanging out a "For Sale or Partner" sign. With half a million subscribers (down from the previous quarter) and $100M in annual revenue, the company is still bleeding cash. El Reg pinpoints the trouble: "The subscription crowd – and Apple via iTunes – must fight over a few pennies per song in profit. More from the Vulture: "You have to wonder if Napster's customer base is really worth the effort for a company such as Microsoft or even Real. The Napster brand has all the gravitas of a Che Guevara t-shirt."

4 of 144 comments (clear)

  1. Metallica? by corroncho · · Score: 4, Funny

    Maybe Metallica would be interested in this fine venture!!!!
    ________________________________
    Free iPods? Its legit. 5 of my friends got theirs. Get yours here!

  2. Napster brand associations by EVil+Lawyer · · Score: 3, Funny

    At one point the Napster brand might have had all the gravitas of a Che Guevara shirt. At this point it has all the gravitas of a Jar Jar Binks shirt.

  3. Finally! by RumGunner · · Score: 4, Funny

    I'm glad someone is finally sticking it to that sell-out Che Guevara. His marketing campaign drives me nuts.

  4. Now they know... by stonedonkey · · Score: 4, Funny

    ...what it's like to be on the artist's end of the contract.