Rhapsody Struggling to Turn Growing Music Streaming Revenues into Profit – Long Way Behind Spotify

Rhapsody have posted a net loss of $7.97m for Q3, according to GeekWire. This comes after quarterly revenues increasing 25% year-on-year to $44m.

The results were revealed by Rhapsody investor RealNetworks.

Rhapsody, which also operates Napster, reported earlier this year that its total global number of subscribers had increased by 63% year-on-year to over 1.7 million.

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Triple J’s Hottest 100 List Is Here

For the first time in 11 years a British artist takes the No. 1 spot on Australia’s most coveted annual music poll.

Spotify continue experimenting with audiobooks, adding nine classic novels available for free

Take a dive into audiobooks such as Frankenstein, Narrative of the Life of Frederick Douglass, an American Slave, The Awakening, Cane, Persuasion and more read by familiar voices on Spotify.