Roxio buys Napster's assets

Written by Petteri Pyyny @ 15 Nov 2002 2:55 User comments (7)

Roxio, the company behind Easy CD Creator, announced today that it will buy all Napster's assets for appx. $5.3M. Company will pay $5M in cash and appx. $350,000 in stock for Napster's assets that include Napster's domain name and trademarks.

Deal is still subject to U.S. bankruptcy court's approval which may delay the deal, but Roxio's reps said that both parties have agreed on price, so there shouldn't be any nasty surprises left. Roxio will buy all the assets, but is not assuming any of Napster's liabilities, including pending litigation.

Roxio's motivations are still slightly unclear, but the company has taken various steps towards media distribution during the last year or so. One such example is the fact that Roxio is one of the resellers of Pressplay, an online music subscription service. So, wild guess would be that Roxio will use Napster's name and domain to create a legal media distribution site based on its partners' media offerings.

Source: Reuters

<Pressplay now offers music from all five major labels >3D optical storage provides huge capacity

7 user comments

115.11.2002 10:39

A_Klingon

Send private message to this user

Moderator

I think it's *D-A-F-T* to pay 5 mil for a freeking moniker. ANY moniker. Including Napster. Boys oh boys, the guys at Roxio must have a lot of loose change burning holes in their pockets these days. Make up a catchy domain name, pay your $50 bucks, and be done with it. -- mgb --

215.11.2002 11:58

Ghostdog

Send private message to this user

Senior Member

Anyone else willing to pay 3 mill for a corpse?

316.11.2002 18:41

Dela

Send private message to this user

Staff Member

Looks to me like a good decision in the fact that every1 knows the name napster but for 3 mill, i dunno!

416.11.2002 22:56

Ghostdog

Send private message to this user

Senior Member

With a good brand and and service worth marketing you shouldn´t have to pay money for an old name. Most people relate "Napster" to file-sharing, illegal such, it will be interesting to see what Roxio uses the name for.

517.11.2002 00:36

A_Klingon

Send private message to this user

Moderator

Please ignore this message. [edited] Test only. -- mgb --

This message has been edited since its posting. Latest edit was made on 17 Nov 2002 @ 12:50

617.11.2002 02:16

Ghostdog

Send private message to this user

Senior Member

Like your sig, Klingon.

717.11.2002 02:52

A_Klingon

Send private message to this user

Moderator

<heh-heh> Ghostdog, just as an experiment (based on another lengthy sig line I saw in here), I wanted to see how long a sig line I could write (and get away with). It turns out to be four (4) lines. The actual sig which I keyed in was something like 25 lines or something. <gg> Now, I'm a "dot". (Until I delete it). Petteri, about 15 minutes ago, cured a bug that has been here at a/D for about a year now. (He's quick, I'll give him that). :) -- Klingy, the Dot. --

Comments have been disabled for this article.

	Massive Android 0-day vulnerability found - here's what you should do immediately (08 Nov 2025 5:35) A very serious security flaw has been found in the Android operating system, allowing malicious code to be executed on a phone or tablet.
	Review: Roborock Saros Z70 - robot vacuum with an arm (20 Oct 2025 6:13) In out in-depth review of Roborock Saros Z70 we put the robot vacuum through a 3 month test period, where we observed its work in normal home. The sci-fi -like arm of Z70 was a little bit disappointing, due its limited functionality.
	End of an era: TiVo stops making DVRs (14 Oct 2025 4:12) TiVo, once synonumous with digital TV recording in the United States and in select other countries, has stopped making DVR devices as of October, 2025.
	Strava takes Garmin to court (02 Oct 2025 2:30) The world's perhaps best-known sports app developer Strava has filed a lawsuit against American sports watch manufacturer Garmin, accusing the company of patent infringement. 1 user comment
	Ruuvi Air sensor keeps track of indoor air quality with ease (25 Sep 2025 1:56) The latest product from Finland's Ruuvi Innovations is the Ruuvi Air, a device that brings clear and simple indoor air quality monitoring to homes - with no monthly fees.

	Guide: Phone battery drains quickly - how to fix (iPhone / Android) In this guide, we go through the most typical reasons for rapid battery drain with phones, and look at potential reasons or solutions.
	Guide: Is Your Wi-Fi Sluggish or Slow? Here's How to Fix Do you have problems with you Wi-Fi? Slow connection or is it cutting off constantly? This guide aims to remedy these problems. 1 user comment
	What IP rating for dust and water resistance means An IP classification (such as IP68) is given to mobile phones, Bluetooth speakers, and other devices, but what do these classifications mean? 1 user comment
	Does your phone rattle? Here's why it happens When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should. 2 user comments
	What happens if you don't update Android? Sometimes it can be tempting to avoid updating to a new Android version. What happens if you decide to delay major updates to the OS?

Roxio buys Napster's assets

7 user comments

Latest news

Reviews

Guides

News archive

Subscribe

Sections:

Follow us:

	Review: Roborock Saros Z70 - robot vacuum with an arm In out in-depth review of Roborock Saros Z70 we put the robot vacuum through a 3 month test period, where we observed its work in normal home. The sci-fi -like arm of Z70 was a little bit disappointing, due its limited functionality.
	Roborock Saros 10 review - Great, but not perfect We tested Roborock Saros 10 robot vacuum for more than two months in order to see whether it is really worth its hefty price tag. The mopping, self-emptying Saros 10 was mostly great, even perfect. But its object avoidance was bit disappointing. 1 user comment
	Roborock S8 MaxV Ultra review - obstacle avoidance doesn't work as it should, otherwise almost perfect robot vacuum We put the Roborock S8 MaxV Ultra through a very, very long review process. The $1800 mopping robot vacuum is almost perfect, but its obstacle avoidance was surprisingly bad, considering the price - and compared to its competitors.