mSpot soars past 6million subscribers... Dance music mobile radio, EDMaddicts
mSpot Soars Past Six Million Subscribers
mSpot Soars Past Six Million Subscribers
NOTE: This was just in 2009 alone. It is already 2010 and the subscriber base is continuing to grow and now reaches around 9,000,000 listeners on Sprint and AT&T! Verizon wirless just hopped on board, so we get an opportunity to share the hard work we do with listeners across the U.S. of A and through the internet to all of our friends in other countries!
Mobile Music and Entertainment Company Sees Sustained Growth Fueled By Consumer
Demand and Additional Distribution
PALO ALTO, Calif.--(Business Wire)--
mSpot, Inc., a mobile music and entertainment company, announced that it has
surpassed the six million mark in total paid users - a notable 150% increase
since July 2008. The announcement marks the latest milestone for the
fast-growing Silicon Valley company, which offers consumers access to music,
custom ringtones, live radio, videos and movies on their mobile devices.
Founded in 2004 and profitable since 2006, mSpot continues to grow considerably
despite the recession, thanks mostly to its sound business model, which
currently does not rely on advertising. In fact, mSpot is on track for yet
another new high in revenue and profitability for 2009.
"We are very proud of the achievements we`ve made executing a profitable
business strategy with steady growth," said mSpot CEO Daren Tsui. "Our product
roadmap is filled with innovations for the next 12 months and we expect our
growth to continue even as the economy remains weak."
mSpot has built its reputation as an innovative company, offering its mobile
customers products like mSpot Radio, mSpot Movies, Music Sync and Make-UR-Tones.
Recent landmarks for the mobile company include:
* Mobile radio deals with AT&T, Verizon (Alltel network) and Bell Mobility,
adding to preexisting radio partnerships with Sprint Nextel, Telus and US
Cellular
* Mobile Make-UR-Tones deals with Verizon and US Cellular, adding to preexisting
Make-UR-Tones partnerships with AT&T and Sprint Nextel
* Over 1 million mobile app downloads for mSpot Make-UR-Tones; 70%
month-over-month growth in sales over the past year
* Launch of mSpot.com, the direct-to-consumer web application featuring custom
ringtone editor with lyrics and bios
* 3.5 million users on the Movies on Demand service
According to Juniper Research, mobile application revenues will reach $25
billion by 2014. For its part, mSpot has completed over 600 ports to mobile
phones that include RIM and Windows devices, making it simple and easy for
mobile customers across North America to access mSpot products.
About mSpot
mSpot is a mobile music and entertainment company that services more than six
million customers across 10 wireless carriers. mSpot helps consumers access
music, custom ringtones, live radio,videos and movies from major music labels,
movie studios and top brands including ABC, CBS, ClearChannel, Fox Sports,
Last.fm, Sony Music Entertainment, Paramount Pictures, Warner Brothers,
Universal Music Group and Disney. In the U.S., mSpot entertainment services are
available through AT&T, Boost, Metro PCS, nTelos, Sprint, T-Mobile, U.S.
Cellular and Verizon; in Canada through Bell Mobility and TELUS. Headquartered
in Palo Alto, California, mSpot is on the Web at www.mspot.com.
Group SJR
Ben Kellogg, 212-751-3469
mspot@groupsjr.com
Copyright Business Wire 2009
SOURCE: Reuters
Source list: http://www.reuters.com/article/idUS116511+01-Jun-2009+BW20090601
