Scandinavian firm Aspiro has announced its latest set of financials, including figures for its music division, which runs the WiMP subscription streaming service. That division’s net sales were up 130% to SEK 44.3m ($6.6m), but its EBITDA (earnings before interest, taxes, depreciation and amortisation) was a loss of SEK 8.4m ($1.2m), compared to a loss of SEK 5.7m ($0.8m) in Q4 2010. As previously announced, WiMP had 350,000 paying users across Norway, Sweden, Denmark and Portugal at the end of 2011. The report reveals that Aspiro’s Portugese partner Portugal Telecom “decided to close down its music offering to some 80,000 customers that previously had access to it” during the quarter. Other titbits: Aspiro’s unnamed Irish partner’s licensing negotiations with labels are dragging on, making the launch timing “uncertain”. A beta test in Germany is starting soon. Oh, and this: “Aspiro is planning alternative business models in Music, which implies a need for capital in 2012.”
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