Apr 10, 2007 • 1 min read

MusicNet say latest stats show subscription model still has life

MusicNet says its subscription services delivered a daily average of 6.8 million streams and downloads in January and February, adding up to over 400 million plays.

Backend download providers MusicNet, who provide the back end to Yahoo, MTV, Virgin, HMV and iMesh's digital music services, have released stats regarding their collected subscription based music services in January and February of this year, They say the MusicNet platform was delivering a daily average of 6.8 million streams and subscription downloads, adding up to over 400 million plays over the two months.

Although most MusicNet's services also offer a la carte downloads like iTunes, they specialise in subscription based packages more like those offered by Napster and the company is keen to show that those recent stats show that, while the subscription model may not have taken off as quickly as the iTunes style model, it is now gaining momentum.

MusicNet President and CEO Alan McGlade told reporters last week: "The significant growth in subscription usage is consistent with MusicNet's prediction that subscription services would be the best and most desirable way for consumers to access music digitally".

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