Napster - Music Subsciptions Are Overrated

kevinbr writes "Napster has concluded that PC-based music subscriptions aren't a growth business ... because it's retreating from its core business. 'Six months ago the subscription music service had 830,000 subs, three months ago it had 770,000, and now it has 750,000. The company says that last drop was expected, because kids stop using the service during the summer. But it's not as if those numbers will swell this fall: NAPS projects only a 4% revenue increase for next quarter. So instead of talking up its core subscription business, Napster is now pinning its hopes on the mobile industry. Music on your cellphone may one day be a real business, but hard to see why Napster is going to be the company that will capitalize on it.'"

Comments

Music, in general, is overrated

[digitaldc]

Mainstream music coming out these days is overrated, I find myself looking for more and more independent artists, and music from the 70s. I haven't been too thrilled with the new music coming out these days, and I never listen to the radio or watch MTV.

Now let the attacks on my personal taste begin!