MP3.com beats forecasts

Written by Jari Ketola @ 20 Oct 2000 11:12

MP3.com posted a quarterly loss of nine cents a share (or $6.1 million) before charges on Thursday beating the forecast of twelve cents. The pending copyright ligitation by Seagram kept the analysts cautious, though.

MP3.com has already settled with four of the five major recording labels which sued it for copyright infingements. However the company could still face up to $250 million in damages from the Seagram-lawsuit. The damage award will be determined in November.

Source:
Yahoo! News

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