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You are here: MacNN Forums > Community > MacNN Lounge > Napster posts net loss of 24 million.

Napster posts net loss of 24 million.
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Grizzled Veteran
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May 11, 2005, 07:27 PM
 
How can they expect to stay afloat?

I think their business plan is "stupid"
     
Posting Junkie
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May 11, 2005, 07:39 PM
 
BUAHHAHAHAHAHA

So much for their "subscription service".

Mike
     
Xeo
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May 11, 2005, 07:41 PM
 
That's the kinda news I like to see.
     
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May 11, 2005, 07:55 PM
 
Someone needs to make a pardoy "Do the Math" ad.

Crappy Subscription Plan + 0 customers = -24 million
Great Online Music Store + Tons of customers = 290 million

My sig is 1 pixel too big.
     
Professional Poster
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May 11, 2005, 07:56 PM
 
Ends Fiscal 2005 With 412,000 Subscribers
     
Professional Poster
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May 11, 2005, 08:03 PM
 
Now the truth is out. It is Napster that can't do the math.
     
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May 11, 2005, 08:04 PM
 
Damn, they are lossing $58/customer. I hope I did that right. It would be real embaresing if I hit the wrong key in the calculator.
     
Mac Elite
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May 11, 2005, 08:21 PM
 
Didn't Napster's Super Bowl commercial cost 24 million?
     
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May 12, 2005, 09:40 AM
 
Those Napster Super Bowl comercials were rated the worst comercials in this years Super Bowl... I just can't imagine paying $15 per month and not even owning the music.

I download maybe 5 - 10 songs a month and that is plenty for me and it works on my iPod (sometimes)
27" iMac C2D
     
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May 12, 2005, 10:08 AM
 
Originally Posted by Buckaroo
Ends Fiscal 2005 With 412,000 Subscribers
And how many of those are just users with the free trial?

"Ahhhhhhhhhhhhhhhh"
     
Mac Elite
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May 12, 2005, 10:48 AM
 
On a slight tangent: On MS music store (Rolling Stone magazine sept. 2004)

"Ted Cohen, EMI Worldwide's senior vice president of digital development and distribution, has seen Microsoft's site and describes it as "a better mousetrap" because it integrates the company's search and instant-messaging technologies. "I think it will be a serious competitor quickly," he says."

http://www.rollingstone.com/news/sto...as-player=true

Strangely I can't seem to find much information on how MS is doing with their "beta" music store (or the not so beta)

Napster will lose until they die, as will most companies that venture in the on-line music selling business. MS will not die so I wonder what they are up to.

“Building Better Worlds”
     
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May 12, 2005, 10:53 AM
 
Originally Posted by nickw311
I just can't imagine paying $15 per month and not even owning the music.
Can they just burn them to cd like with iTunes?
     
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May 12, 2005, 10:55 AM
 
Originally Posted by demograph68
Can they just burn them to cd like with iTunes?
Costs extra. $.75 Per song i THINK.

"Ahhhhhhhhhhhhhhhh"
     
   
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