You will be redirected back to your article in seconds

Emusic.com posts loss, stocks suffer

Revenue-boosting plan will lighten MP3 users' wallets

EMusic.com reported a net loss of $13.6 million during the second quarter compared to a loss of $2.7 million for the same time period a year ago. Total revenues were $3.8 million, compared to $51,000 for the second quarter 1999. Although the results beat analysts’ expectations, the stock price still suffered in trading Friday, closing down more than 13% to $2.25. EMusic last week announced a plan to boost revenues by starting a $10 a month subscription service for Netizens who want to download MP3s from the site.

More Biz

  • Les Moonves Sexual Harassment Allegations

    Leslie Moonves Quoted 'The Godfather' to Prepare for Redstone Battle

    EMusic.com reported a net loss of $13.6 million during the second quarter compared to a loss of $2.7 million for the same time period a year ago. Total revenues were $3.8 million, compared to $51,000 for the second quarter 1999. Although the results beat analysts’ expectations, the stock price still suffered in trading Friday, closing […]

  • Jon Stewart Helps Rescue Goats That

    Jon Stewart Helps Rescue Goats That Captured New York's Attention

    EMusic.com reported a net loss of $13.6 million during the second quarter compared to a loss of $2.7 million for the same time period a year ago. Total revenues were $3.8 million, compared to $51,000 for the second quarter 1999. Although the results beat analysts’ expectations, the stock price still suffered in trading Friday, closing […]

  • Manuela Herzer

    Manuela Herzer Cites CBS-NAI Fight in Renewed Bid for Sumner Redstone Competency Ruling

    EMusic.com reported a net loss of $13.6 million during the second quarter compared to a loss of $2.7 million for the same time period a year ago. Total revenues were $3.8 million, compared to $51,000 for the second quarter 1999. Although the results beat analysts’ expectations, the stock price still suffered in trading Friday, closing […]

  • A trading post sports the Spotify

    Sony Music's $750 Million Spotify 'Windfall' Leaves Some Lingering Questions

    EMusic.com reported a net loss of $13.6 million during the second quarter compared to a loss of $2.7 million for the same time period a year ago. Total revenues were $3.8 million, compared to $51,000 for the second quarter 1999. Although the results beat analysts’ expectations, the stock price still suffered in trading Friday, closing […]

  • Harvey Weinstein, with his attorney Benjamin

    Harvey Weinstein's Attorney Blasts Asia Argento's 'Hypocrisy'

    EMusic.com reported a net loss of $13.6 million during the second quarter compared to a loss of $2.7 million for the same time period a year ago. Total revenues were $3.8 million, compared to $51,000 for the second quarter 1999. Although the results beat analysts’ expectations, the stock price still suffered in trading Friday, closing […]

  • Asia Argento arrives for the screening

    Asia Argento Is Not Facing Sexual Abuse Investigation

    EMusic.com reported a net loss of $13.6 million during the second quarter compared to a loss of $2.7 million for the same time period a year ago. Total revenues were $3.8 million, compared to $51,000 for the second quarter 1999. Although the results beat analysts’ expectations, the stock price still suffered in trading Friday, closing […]

  • Rose McGowan Asia Argento

    Rose McGowan on Asia Argento Accusation: 'My Heart Is Broken'

    EMusic.com reported a net loss of $13.6 million during the second quarter compared to a loss of $2.7 million for the same time period a year ago. Total revenues were $3.8 million, compared to $51,000 for the second quarter 1999. Although the results beat analysts’ expectations, the stock price still suffered in trading Friday, closing […]

More From Our Brands

Access exclusive content