Napster Relaunches with Web-Based Platform

Napster Inc. is relaunching its monthly music service as a Web-based platform that will be playable from any web browser, without the need to download additional software. Currently, Napster operates through a downloadable platform that launches from a computer's desktop. Napster hopes the move will attract more customers to its monthly pay subscription service, by granting access to any web-enabled device. Napster's 700,000 subscribers currently pay $10-$15 a month for access to the company's five million song library. According to COO Christopher Allen, "this new-platform Napster can easily be integrated into consumer electronics devices or integrated into other Web sites such as social networking sites."

Sources: Reuters, TechCrunch, ShortNews.com
Commentary: The Key to Realizing Napster's Value • Napster Beat Estimates
Stocks to watch: NAPS. Competitors: AAPL, MSFT, RNWK
Earnings call transcript: Napster F3Q07 (Qtr End 12/31/06)

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