Napster Reeling?

[Chris Gohlke]

http://digitalmusic.weblogsinc.com/2006/01/16/napster-reeling/

"I guess you can only live so long on Apple's leftovers. In the build-up to its February earnings call, Napster is busily denying reports that the company is imploding. With Apple claiming 83% of the US digital music market and 54% in the UK, that leaves Napster battling with RealNetworks, Virgin Digital, Yahoo! Music, WalMart and others for Apple's table scraps. As a result, Napster is rumored to be considering options ranging from mass layoffs to liquidation. A Napster representative countered the claims, telling Digital Music News that there are "no imminent plans for significant layoffs," which doesn't inspire confidence."

In the end, competition is good for the market, so it will be a shame if Napster bites the dust.

[Chris Gohlke]

http://digitalmusic.weblogsinc.com/2006/01/16/napster-reeling/

"I guess you can only live so long on Apple's leftovers. In the build-up to its February earnings call, Napster is busily denying reports that the company is imploding. With Apple claiming 83% of the US digital music market and 54% in the UK, that leaves Napster battling with RealNetworks, Virgin Digital, Yahoo! Music, WalMart and others for Apple's table scraps. As a result, Napster is rumored to be considering options ranging from mass layoffs to liquidation. A Napster representative countered the claims, telling Digital Music News that there are "no imminent plans for significant layoffs," which doesn't inspire confidence."

In the end, competition is good for the market, so it will be a shame if Napster bites the dust.