Napster still in the red

 Napster was a big hit as an illegal file-sharing platform, but business has not really taken off with a commercial subscription model. For the past financial year, the former terror of the music industry reported a loss of 36.8 million dollars. The loss was therefore significantly lower than the previous year's figure of 54.9 million dollars. Turnover increased by 17 percent to 111.1 million dollars. The number of customers rose by 37 percent to 830,000. As an illegal file-sharing platform among Internet users, Napster is said to have had over 60 million users at the beginning of the decade. The music industry, which blames file-sharing networks for the decline of its business, forced the closure of Napster in court. A subscription service is now offered under the well-known brand. Customers can listen to unlimited music from the Napster catalog as long as they pay a fixed fee.