Financial information, although scarce, shows that these companies continue to lose money as they grow. Pandora, a publicly traded company, lost $11.7 million on revenues of $218.9 million in the second quarter. Rhapsody, the on-demand streaming service, posted a loss of $4.7 million on revenues of $42.4 million in the second quarter. Aspiro Group’s music service, WiMP, lost $1.5 million on revenue of $6.9 million in spite of having 580,000 paying users. […] The situation is not totally hopeless, however. Music streaming services are growing. Consumers are warming to the concept of paying to access music. And the products are continuously improving. Today’s subscription services are far better than products available just 2 or 3 years ago, and they’re light-years ahead of the offerings a decade ago. With growth comes a better chance to eventually, some day, turn a profit. – Glenn Peoples,Billboard

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