(CelebrityAccess MediaWire) —
Napster experienced strong subscriber growth during the recent holiday period as paid subscribers increased sequentially by 50% in the quarter ending December 31, 2004. Napster ends calendar 2004 after just over a year of operation with 270,000 paid subscribers, including 44,000 paid subscribers participating in its university programs.
"We believe 50% quarter over quarter subscriber growth makes Napster the fastest growing music subscription service in the industry," said Chris Gorog, Napster's chairman and CEO. "These results, combined with industry analysts' projections, continue to support our belief that the future of digital music is subscription services. We expect to continue to drive very substantial subscriber growth in 2005 starting with the upcoming consumer launch and marketing campaign for 'Napster To Go,' the world's first portable music subscription service." –Bob Grossweiner and Jane Cohen