Digital music download firm Napster have reported a pre-tax loss in excess of $15 million dollars.
Their revenue for the three months upto December 2003 was £3.6 million dollars.
Chris Gorog, Chairman and CEO for Roxio, Napster's parent firm said,
"In the first few months of operations Napster has firmly established itself as one of the top two online music services in the country. Napster's sales of downloads and subscriptions continues to grow and the Napster brand continues to prove itself as a unique and powerful asset."
Roxio did not release a forecast on expected Napster revenue for the coming quarter, but instead said they would be "significantly reducing Napster-related spending".
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