Napster Boosts Sales Forecast; Shares Rise

Napster Inc., the Los Angeles-based online music service, increased its fourth-quarter sales forecast because of rising demand for its monthly subscription service.

Napster, which is spending $30 million to spur sales of its Napster to Go service, expects revenue of $15 million in the quarter ending this month, up from a previous forecast of $14 million. Napster customers can download an unlimited number of songs from a catalog of more than a million tunes for $14.95 a month.

Napster shares rose 47 cents to $7.27 on Nasdaq.