Company Centralizes Sales and Marketing Across Europe Under Frankfurt Sales Office
LOS ANGELES, Feb. 23 -- Napster (NASDAQ:NAPS) today announced that Thorsten Schliesche has been promoted to vice president sales and marketing Europe, a new position in the company. In his new role, Schliesche will oversee centralized sales and marketing activities for all of Europe, including Napster`s UK service, in addition to his current role as general manager for Napster`s Frankfurt sales office. The company will augment sales efforts out of the Frankfurt office via its partnership with Ericsson on the Napster Mobile service, tapping Ericsson`s sales resources already in place across the European market.
Napster also announced the promotion of Ian Greaves to head of programming for Napster UK. European sales and marketing activities will now be centralized in Frankfurt and Napster`s UK office will be scaled down to support local music programming and marketing activities. Napster corporate operations in Europe are based in Luxembourg.
"We have been delighted with the performance of our services in Europe and believe that having seasoned programming execs who understand their local market has been a key driver to our robust growth, so Napster will continue to focus on strong local programming in each market," said Brad Duea, president of Napster. "Consolidating European sales and marketing under a single management structure will enable us to move European operations into profitability at a faster pace and manage multiple country opportunities more efficiently, including managing our European roll-out of Napster Mobile with Ericsson`s sales and marketing team."
During calendar 2006, Napster enjoyed robust revenue growth in its European operations of 60% year-over-year and the company`s global revenues exceeded $100 million dollars, making Napster one of the largest digital music providers in the world. Napster recently announced its acquisition of AOL Music Now`s subscribers, which is expected to increase the Company`s 500,000-plus paid subscriber base by more than 50% when AOL`s paid music subscribers become Napster members in March. Napster currently operates its PC-based music service in the US, Canada, UK, Germany and Japan and has been aggressively expanding its global mobile business through its partnership with Ericsson, including its most recent agreements with O2 Ireland and TMN in Portugal.
Napster, the pioneer of digital music, offers the ultimate interactive music experience. With an expanding roster of offerings including free, Web-based music listening and sharing, subscription and portable subscription services, and an advanced mobile music platform, Napster creates better ways to discover, share, acquire and enjoy music -- anytime, anywhere. Napster is headquartered in Los Angeles, with offices in Frankfurt, Luxembourg, New York, San Diego, San Jose and Tokyo.
Safe Harbor Statement
Except for historical information, the matters discussed in this press release, in particular matters related to the company`s relationship with Ericsson and the rollout of the Napster Mobile service in Europe are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Additional information on these and other factors are contained in Napster`s reports filed with the Securities and Exchange Commission (SEC), including the Company`s Quarterly Report on Form 10-Q as filed with the SEC on February 8, 2007, copies of which are available at the website maintained by the SEC at http://www.sec.gov/. Napster assumes no obligation to update the forward-looking statements included in this press release.
Copyright (C) 2007 Napster, LLC. Napster and Napster Mobile are either trademarks or registered trademarks of Napster, Inc. or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners.
Alex Wellins or Jennifer Jarman
The Blueshirt Group, for Napster