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Is eMusic In A Slump

LONDON (Hypebot) – Within the various announcements and coverage of the resignation of eMusic David Pakman were some interesting tidbits:

  • Subscribers were pegged at 400,000 – a number that eMusic has been touting for almost a year
  • Annual revenue was reportedly $70 million
  • A new CEO will be tasked with pushing revenue "well passed $100 million
  • The company would not confirm if it is profitable or not

    Rumors have also begun circulating that quarterly checks to many labels were down for the first time ever. Did Pakman leave because eMusic is in a slump? And with both labels and consumers being offered more outlets than ever, what can eMusic do to stimulate growth?