RE: SP11 Aug 2021 22:11
Good Luck @ the AGM all
so Napster figures should be on the up in Jan - Jun 2021 looking forward to seeing the accounts :) choo chooooo
https://www.londonstockexchange.com/news-article/MVR/napster-b2b-contract-renewals-and-platform-metrics/14848924
Anthony Matchett, Group CEO said:
"The continued adoption of music streaming is creating meaningful B2B growth opportunities for Napster's platform-as-a-service business. These latest contract updates follow a very successful 2020 with 130% growth in PaaS revenues from partners like Sonos, Huawei, BMW, Sony, Rakuten and others.
We are pleased by the encouraging growth statistics that the Napster service demonstrated throughout 2020, including a broadening of the Napster music library, that now contains over 105 million tracks. Following MelodyVR's successful acquisition of the Napster/Rhapsody business, we will leverage the existing technologies of both Napster and MelodyVR, alongside the best content and functionality from each business, to create a new music platform during the course of 2021. Napster has seen increases in active users and in-app engagement during the last twelve months, and we believe this strong consumer appetite will continue into 2022 and that the launch of our new product will benefit from consumer's increased appetite for digital entertainment