mSpot Soars Past Six Million Subscribers
By Ben Robinson on Wednesday, June 17th, 2009 at 12:31 PM PST In Announcements, Services
mSpot has announced that it has surpassed the six million mark in total paid users – a 150% increase since July 2008! The announcement marks the latest milestone for the fast-growing company, which offers consumers access to music, custom ringtones, live radio, videos and movies on their mobile devices. Founded in 2004, 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 (NYSE: T), Verizon (NYSE: VZ) (Alltel network) and Bell Mobility, adding to preexisting radio partnerships with Sprint (NYSE: S) Nextel, Telus (NYSE: TU) 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
Overall then, very impressive – we continue to watch the mSpot story!
You can check our more about mSpot here.
