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Roxio To Concentrate on Online Music Business

Posted by michael on from the house-built-on-sand dept.

DevGhost writes "Roxio Inc. said on Monday it would change its name to Napster and focus on the money-losing online digital music service, selling its profitable CD and DVD software division to Sonic Solutions for $80 million."

19 of 288 comments (clear)

  1. Newsflash! by Anonymous Coward · · Score: 3, Funny

    Roxio commits corporate suicide. Film at 11...

    1. Re:Newsflash! by Dmala · · Score: 3, Funny

      Next up, watch Dell decide to sell off their computer production business and go into making bathmats. or something.

      Hey, that wouldn't be a bad idea. I mean, I can knock together a decent PC in an hour or two, but a good bathmat? That's hard to come by.

  2. $17 billion? by Patik · · Score: 4, Funny
    Legal battles are still pending in federal court over whether investors who backed the original Napster sustained the service and helped it cost the music industry a purported $17 billion in lost sales.
    It did? Says who, the same people who say my CD burner is really the same as 52 burners?
  3. Great business model. by zipcube · · Score: 5, Funny

    Board member #1: "Hey, let's sell our profitable division so that we can focus on one that will never make money ever."

    Board Member #2: "Brilliant!"

    1. Re:Great business model. by CommanderData · · Score: 5, Funny

      Maybe they're evil board members from a parallel universe (with goatees of course, how else could we tell them apart?). They're trying to make the company SO unprofitable it will generate anti-cash , which of course is worth a fortune in their home universe...

      --
      Urge to post... fading... fading... RISING!... fading... fading... gone.
    2. Re:Great business model. by Maestro4k · · Score: 5, Funny
      • Maybe they're evil board members from a parallel universe (with goatees of course, how else could we tell them apart?). They're trying to make the company SO unprofitable it will generate anti-cash , which of course is worth a fortune in their home universe...
      Does this mean they'll try to sell their good music on Napster then?
    3. Re:Great business model. by MarsDefenseMinister · · Score: 5, Funny

      They are ignoring the rule "never apply a Star Trek solution to a Babylon 5 problem."

      --
      No weapon in the arsenals of the world is so formidable as the will and moral courage of free men.-Ronald Reagan
  4. Let's see if I have this straight: by burgburgburg · · Score: 5, Funny
    1) Sell money making divisions
    2) Focus on money losing division
    3) ???
    4) Profit!

    I like their moxie!

    1. Re:Let's see if I have this straight: by artemis67 · · Score: 5, Funny

      I think the atmosphere over there must be more like:

      1) ???
      2) ???
      3) ???...

      4) ???!

  5. In other news ... by operagost · · Score: 4, Funny

    I quit my lucrative job in IT to begin selling igloos to Eskimos.

    --

    Gamingmuseum.com: Give your 3D accelerator a rest.
  6. Oh goody by krog · · Score: 3, Funny

    I was waiting for Napster to die again.

    --
    Cretin - a powerful and flexible CD reencoder
  7. What crack are they smoking? by KajiCo · · Score: 4, Funny

    April 1st isn't for another 9 months.

  8. You forgot.... by Anonymous Coward · · Score: 5, Funny

    Board Member #3: ??????

    Board Member #4: "Profit!"

  9. Best thing that could happen right now... by artemis67 · · Score: 5, Funny

    would be to get Apple together with Toast and Jam. Hopefully, Steve will gobble them up. It makes me hungry just thinking about the possibilities...

  10. They're going to concentrate on... by Future+Linux-Guru · · Score: 4, Funny

    ...going out of business faster.

    Sounds like the old Napster.

  11. Re:MBA by the+unbeliever · · Score: 3, Funny

    That's because hard working MBA's don't exist except in fantasy. :P

  12. This just in... by Hockney+Twang · · Score: 3, Funny

    In other news, Sonic Solutions has acquired the former assets of Roxio, and has changed its name to "Roxio." The remainder of Sonic Solutions assets have been sold to the former Napster, now changing its name to "Sonic Solutions."

  13. In other news "Metallica" become "The Napsters"... by pandrijeczko · · Score: 5, Funny
    ...in deference to the 1970s US punk band, "The Ramones".

    James Napster, Kirk Napster and Robert Napster were all unavailable for comment at the time of going to press.

    Lars Napster was available for comment (as usual) but since no-one ever listens to the loudmouth twat drummer anyway, we didn't either.

    The band are about to embark on their "Going All Thrashy Again Was A Bad Career Move" World Tour 2004 to promote their new album "Yes, It Has Got A Black Cover Again But There Are A Few Ballads On It Honestly".

    Their latest single "Nothing Else Still Matters" reached number 98 of the US top 100 before finally giving up trying and going home.

    --
    Gentoo Linux - another day, another USE flag.
  14. God damnit, that was hilarious. by LordPixie · · Score: 4, Funny

    A dozen question marks, four numbers, four parentheses, one ellipsis, and an exclamation point. Mathematically, such a joke really shouldn't have been that funny.


    --LordPixie