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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YouTube threaten to remove Danish music content from the platform

Danish collecting society Koda fail to meet a music license agreement with YouTube, while YouTube are in talks with Polaris for a Nordic wide music deal. In a press release, Koda detail how their agreement with…