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Napster Turns A Profit, Partners With Univision

The latest financial filings from Napster proves that music streaming - at least, the all paid variety - can be profitable. From 2017 to 2018, Napster moved from a net loss of $13.1 million to a net profit of $10.3 million. But parent company RealNetworks still warned that “for Napster to meet its future liquidity needs... (it) will need additional financing to fund its operations and growth”. Read the full SEC filing here. Napster also announced that it had partnered with Univision  f...
Tags: Music, US, SEC, Univision, Bruce Houghton, RealNetworks, Napster, Uforia, Napster Turns A Profit Partners With Univision, Angel Gambino