Rhapsody makes first outside investment, leads Series B in electronic music startup

Seattle-based Rhapsody International today announced its first outside investment ever, pouring money into an electronic dance music (EDM) company. Rhapsody International, the parent company to Rhapsody and Napster, led a Series B round in Dubset Media Holdings, a startup founded in 2008 that helps DJs monetize their work. “This investment, the first for Rhapsody International, demonstrates our commitment to… Read More


Open secret: Rhapsody tops $35 million in quarterly revenue, gets closer to profit

Rhapsody, the subscription music service based in downtown Seattle, has been a private company since spinning off from RealNetworks as a standalone venture. That means Rhapsody doesn’t report its quarterly numbers publicly. But Rhapsody’s financial results are actually revealed in an ongoing series of little-noticed footnotes in RealNetworks’ regulatory filings with the SEC. Using those footnotes,… Read More


Rhapsody marks decade in business as it absorbs Napster

Ten years ago this weekend, on Dec. 3, 2001, the Rhapsody music service was launched by Listen.com, pioneering the concept of on-demand music. A lot has changed since then. Rhapsody joined RealNetworks with the Seattle company’s acquisition of Listen.com in 2003, and was spun off as an independent company in 2010. Along the way, Rhapsody has… Read More


Rhapsody president on surprise Napster acquisition: ‘We’ve got a lot of wind in our sails’

Rhapsody’s acquisition of Napster from Best Buy gives the Seattle-based music service an opportunity to add a “meaningful” number of subscribers to its customer base, says Rhapsody’s president, Jon Irwin, weighing in on a deal that surprised the tech industry when it was announced earlier today. Speaking via phone with GeekWire this afternoon, Irwin downplayed… Read More