Brilliant Digital’s Revenues Down Drastically:

Brilliant Digital’s Revenues Down Drastically: Brilliant Digital Entertainment, whose Altnet peer-to-peer software comes bundled with the popular Kazaa file-swapping client, said it collected $375,000 in net revenues for the second quarter, down 42 percent from $652,000 in the comparable second quarter of 2001.

In May, Brilliant Digital launched the Altnet service by seeding the Kazaa file-swapping network with advertising links and paid content from a handful of partners, including video game publisher Infogrames and EMI-distributed record label 2KSounds.

For more on BDE plans for subscription multi-media content, read “Altnet cracks two million downloads.”