Rhapsody revenues down 8% but losses improve after 'strategic shift' in business model
Rhapsody saw its revenues fall 8% in Q2 2013 following a change in its business model - part of a strategic shift to focus on its subscriptions service.
Despite that, the company's quarterly losses improved.
GeekWire reports that the music service discontinued third-party advertising on its .com website as well as ending and MP3 download sales as part of the move.
A regulatory filing by former parent company RealNetworks, which now owns 45% of Rhapsody, revealed that the 8% revenue ...
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