Music service Rhapsody hits 1.7M paid subscribers

Apr 08, 2014

Music subscription service Rhapsody International says its paying subscribers have grown 63 percent to 1.7 million over the past year.

The gains came primarily from partnerships with mobile phone carriers abroad, according to Chief Financial Officer Ethan Rudin.

Rhapsody got a boost from an October deal with the Spanish telecoms giant Telefonica that transferred hundreds of thousands of Latin American subscribers from another service. In exchange for Rhapsody running the service under its Napster brand, Telefonica took an undisclosed stake in Rhapsody that could grow if performance targets are met.

Such partnerships are the preferred way for Rhapsody to enter new markets, said Rudin. Typically, such partnerships last for two to three years and can be renewed with Rhapsody getting a better share of revenue on subsequent deals, he said. The company now operates in 32 countries.

Rhapsody remains far behind Spotify, the world leader with more than 6 million paying .

Explore further: Australian laws on storing phone, Internet records to change

not rated yet
add to favorites email to friend print save as pdf

Related Stories

RealNetworks, MTV to spin off Rhapsody

Feb 10, 2010

(AP) -- RealNetworks Inc. and MTV Networks said Tuesday that they plan to spin off Rhapsody America LLC, their digital music service joint venture, into an independent company.

Facebook to allow further music integration (Update)

Aug 31, 2011

Facebook is preparing to bolster the programming tools it offers to licensed music services like Rhapsody, Spotify, MOG and Rdio to make it easier for users of the social network to find out what songs their ...

Rhapsody streaming app approved for iPhones

Sep 10, 2009

(AP) -- RealNetworks Inc.'s subscription music service Rhapsody has been approved for use on iPhones and iPod Touches, the first time Apple Inc. has allowed an on-demand music streaming program on its devices ...

Recommended for you

Australian laws on storing phone, Internet records to change

1 hour ago

(AP)—A parliamentary committee has recommended a major rewrite of draft laws that would force Australian telephone companies and Internet providers to store customers' personal data for the convenience of law enforcement ...

Spotify deals with random shuffle and us mortals

10 hours ago

How do we mortals perceive random sequences? An entry in the question-and-answer site Quora focused on a question involving a music-streaming service Spotify. That question signifies how we perceive what ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.