User User name Password  
   
Sunday 8.11.2009 / 03:33 PM
Search AfterDawn.com:        In English   Suomeksi   På svenska
afterdawn.com > news > roxio sells software division
Show topics
News
News

Roxio sells software division

10 August 2004 7:29 by Jari Ketola | 2 comments

Roxio sells software division Software company turned music business Roxio on Monday announced that it would sell its consumer software division for $80 million and put all focus on the Napster online digital music store.

Roxio, known for software titles such as Easy Media Creator and Toast, plans to change its name to Napster. Less than a year ago Roxio was still best known for its recording solutions. Now it seems they want to dissociate themselves from the image and avoid confusion by changing the name altogether.

"With the successful completion of the transaction, Napster will emerge as a well-positioned pure-play in the fast-growing digital music sector with a substantially enhanced balance sheet that will support our growth plans," said Chris Gorog, Roxio's chairman and chief executive officer.

The software division will be sold to Sonic Solutions. Under the terms of the deal, Sonic will purchase essentially the entire Roxio software operation including Roxio's CD and DVD recording, authoring, photo and video editing application products including Easy Media Creator, PhotoSuite, VideoWave, Easy DVD Copy and Toast. Sonic expects to retain most of the current employees of the Roxio organization. Sonic intends to continue the Roxio brands, and current distribution and OEM relationships.

Source: Sonic press release

Permalink to this article

Get AfterDawn's news to your favourite feed reader! Share this story with your friends!
 

 
Related articles:

  • Six colleges sign up with Napster (19 July 2004)
  • Napster launches in Canada (28 May 2004)
  • Napster launches service in the UK (23 May 2004)
  • University of Rochester signs a deal with Napster (5 February 2004)
  • Napster 2.0 launched (29 October 2003)
  • Roxio to re-launch Napster this year (25 February 2003)
  • Roxio buys Napster's assets (15 November 2002)
  •  

    « Previous news article
    US States want P2P companies to educate consumers
    Next news article »
    Apple iTunes: Over 1M songs available
     Post your comment
    Discuss this article! 
    punx777 (Senior Member) 10 August 2004 7:35 Send private message to this user   
    wow :| i cant belive napster would have ever been makin anyone money
    nato1200 (Junior Member) 10 August 2004 23:48 Send private message to this user   
    Next Afterdawn Headline about Roxio...
    Roxio files bankruptsy.

    In one of the worst corporate blunders in US history, crappy software maker Roxio has gone out of business. In a bid to harness the branded potential of Napster, Roxio placed all their assets into the flegdling music selling brand. With the lack of profits rolling in, and the money from the software arm sell gone, Roxio filed for Bankruptsy.

    The company's offical statement reads in part, "Online music piracy prevented us from gaining in the market like we would have if people were honest. We made the mistake of trusting americans to do the right thing and buy our DRM riddled, low quality music. We now know that higher quality at a lower price, from companies that dont deal with the RIAA is actually what the consumer wanted."
     Post your comment
     

    Subscribe to our newsfeed

    Get the latest headlines delivered directly to your favourite RSS reader or content aggregation service by using the links below.

    AfterDawn.com: News - RSS feed
    Add to Google
    Add to My Yahoo!
    Add to MyMSN

    Search for headlines

    Search through our news archive.

    Last week's most popular software downloads

    Digital video: AfterDawn.com | AfterDawn Forums
    Music: MP3Lizard.com
    Gaming: Blasteroids.com | Blasteroids Forums | Compare game prices
    Software: Software downloads
    Blogs: User profile pages
    RSS feeds: AfterDawn.com News | Software updates | AfterDawn Forums
    International: AfterDawn in Finnish | AfterDawn in Swedish | download.fi
    Navigate: Search | Site map
    About us: About AfterDawn Ltd | Advertise on our sites | Rules, Restrictions, Legal disclaimer & Privacy policy
    Contact us: Send feedback | Contact our media sales team
     
      © 1999-2009 by AfterDawn Ltd.