Listen.com has said
yesterday that its online music service Rhapsody has seen a nearly 100
percent increase in CD burning among subscribers. This due a price
drop of 20 cents (99 cents to 79 cents) per track, introduced last
May:
 Rhapsody would not disclose how many tracks were actually burned
in June, but said that on-demand streaming has increased 45 percent to
more than 11 million songs, or more than 350,000 songs per day, in
June.
Listen.com said the brisk activity for its
service as well as Apple Computer Inc.'s new music service, which has
sold more than 5 million songs, show that consumers are willing to pay for
music online if services are compelling.
Digital media company RealNetworks
Inc. announced its acquisition of Rhapsody-developer Listen.com for
$36 million in April and in late May began distributing Rhapsody service
with the new 79 cent CD burn pricing. |
The total number of subscribers of the Rhapsody service is estimated at
around 100,000 people. You can read the complete article here.
Source: Yahoo! Finance
