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Napster will be big in Japan?

4 August 2005 0:09 by Lasse "cd-rw.org" Penttinen | 3 comments

Online music distributor Napster reported a net loss of $19.9 million, but the company believed that they will get back on the surface with their rapid growth of revenues.

A part of their growing strategy is to expand their services to Japan. Napster has announced a joint venture with Tower Records Japan to launch it's service in Japan.
"We look forward to announcing a number of new strategic initiatives later this calendar year designed to create new revenue streams, improve margins and accelerate our path to profitability," said Chris Gorog, Napster's chairman and CEO.
..
And looking to the Japanese deal, Mr Gorog said: "Our partnership with Tower Records Japan represents a significant development in the globalization of the digital music industry and one which will take Napster to a new level."
Source: BBC

Permalink to this article

Napster UK in mp3 player giveaway (11 September 2006)

Napster expands to Germany (9 December 2005)

Napster's Brad Duea on the music download market (25 August 2005)

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Discuss this article!
weazel200 (AfterDawn Addict) 4 August 2005 8:41
$19.9 million is alot of money to lose. I wonder if they can still compete with iTunes [ + quote]
kite (Junior Member) 4 August 2005 15:02
Yeah right! What will be big in Japan next, Xboxs and Penises? I doubt it. [ + quote]
johng1970 (Newbie) 4 August 2005 19:37
Japan has allways been big on stealing American Music and Videos. The only difference is the Recording Ind. can't sue Napster for allowing Japan to steal their music, they'll have to come up with another reason to make the people of Japan pay for their service. [ + quote]