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PressPlay + Roxio?
securitas writes "The NY Times and the LA Times (via SJ Mercury News) report that Roxio is close to a $30 million deal to buy Pressplay from Universal and Sony. The struggling joint-venture has less than 50,000 subscribers after three years. Roxio bought the Napster brand and assets at a bankruptcy auction last year and plans to resurrect Napster as a legal service."
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Here is a snippet of the Press Release:
Roxio acquires Pressplay as the foundation for the re-launch of Napster®
The Global Leader in CD and DVD Recording Software Adds Premier Legal Online Music Service to its Digital Media Assets
Universal Music and Sony Music Entertainment now Minority Stockholders in Roxio
SANTA CLARA, CA, May 19, 2003 - Roxio (NASDAQ:ROXI), The Digital Media Company®, provider of the best selling digital media software in the world, today announced that it acquired Pressplay, the nation's premier online music service. As a result of this transaction, Roxio has acquired a legal digital music distribution infrastructure and catalog rights with all five major music labels. Pressplay will serve as the foundation for the launch of Roxio's new legal on line music service under the Napster brand.
"Roxio's acquisition of Pressplay significantly accelerates the development of our online music business which is central to the strategic development of our company," said Chris Gorog, Roxio's Chairman and CEO. "With our acquisition of Napster we obtained the most powerful brand in the online music space. Now, with our acquisition of Pressplay, we have the most complete and scaleable legal technology infrastructure to use as a platform to re-launch Napster. After taking the necessary time to add features, enhance functionality and improve usability we will launch a new service with an extremely compelling consumer experience that builds on the qualities of the Napster brand."
Full details available here.
and the folks at Apple Music Store. They'll be glad to know that their efforts won't work.
why did they need all of that storage?
Easy. Spelling mistakes in the song titles, Artist Names, Description made that many variations for the boy bands alone
Your'e all thinking it, I just said it for you
..And that is because the price is out of wack. Most people past thier twenties can't justify the price of music because they have more pressing needs. The only group with sufficient cash to pay a premium on CDs are teens and twentysomethings. The music industry sells to this narrow group at much high prices. It is classical preditory pricing from a monopoly or cartel. Remember, the RIAA members are Federally CONVICTED price fixers.