Download superstore EMusic reported revenues of $2.1 million (including its much-touted millionth download) in the third quarter (which ended 3/31), against a net loss of $22.5 million. For a little perspective, that's down from a loss of $33.9 million this time last year, but up from a $14.3 million loss last quarter. Shares in the company are down 0.19 to 2 7/32. Noted one executive, "We're thinking of buying some TV ads."
Digital-rights management entity InterTrust is down 4 at 25 7/8, thanks to news that the firm posted first-quarter revenues of $1.34 million (up 481% from last year) against net losses of $15.6 million (compared to 1Q net losses of $5.2 million in 1999). Last quarter's losses partly reflect a one-time expense, the $6.1 million acquisition of Infinite Ink Corp.
Are these companies looking at infinite red ink? Stay tuned.
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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