Presenting investment types with some good news for a change, independent digital aggregator The Orchard has reported revenues were up 118% year on year for their third quarter, to $14.6million. Although overall they still made a loss, those losses were down from $3 million last year to just $59,000 this year. Revenue from paid-for downloads was up 133%, while the company's first dabblings in the record label business - brought about by its acquisition of struggling indie TVT Recordings earlier this year - accounted for 8% of those boosted revenues.
Nov 12, 2008
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1 min read
The Orchard sees revenues boom
The Orchard reports third-quarter revenues up 118% to $14.6 million, with losses narrowing sharply from last year.