Rhapsody reports 45% subscriber growth past year, even as competition mounts

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The music streaming business may be more competitive than it was a year ago, but 14-year-old Rhapsody says its prospects have never been brighter. The company this week released a recap of 2015, highlighting new features and business partnerships for its Rhapsody and Napster music streaming services. The company topped it all off by reporting 45 percent subscriber growth over the past 12 months. That puts Rhapsody near 3.5 million paying customers, which is a big improvement for the Seattle-based company, but still doesn’t come close to Spotify’s 20 million subscribers. The news highlights the opportunity sitting in front of Rhapsody as music streaming… Read More
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