AfterDawn: Tech news

MP3.com heading for profit this year

Written by Jari Ketola @ 22 Jan 2001 13:23

MP3.com is looking forward to making something dot-com companies aren't famous for - profit. CEO Michael Robertson feels that the company's legal troubles are over and dealt with, and that the company should turn profitable without outside assistance already this year.
Most of the expected profits are, of course, from advertisement sales as well as the My.MP3.com -service. Even though the advertisement money has been slowly disappearing off the net Robertson feels that there's still money to be made there since 80 percent of MP3.com's advertisement revenues come from non-Internet companies.

Source:
Yahoo! News

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