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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."

6 of 288 comments (clear)

  1. Re:Talk about putting all your eggs in one basket. by JPelorat · · Score: 5, Informative

    Adaptec != Roxio. Adaptec sold their EZ-CD Creator cd-burning software to Roxio, but they aren't the same company.

    --
    Hokey statistics and ancient misconceptions are no match for a good thought in your head, kid!
  2. Re:Sounds like a solid business plan by darth_MALL · · Score: 4, Informative

    I'm not sure they are really all that profitable, except for the cash influx from selling the CD burning part. I'm not a financial type by any means, but I think they are damned whether they sell off or not. Here's the stock quote for Roxio

  3. Re:Talk about putting all your eggs in one basket. by Clith · · Score: 4, Informative
    Actually, Roxio is a spin-off company from Adaptec. All of the initial employees were Adaptec staff. So there are a large number of people who have been through the (soon to be) three different company names.

    What I want to know is whether Sonic was smart enough to grab the "Roxio" brand name along with the software?

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    [ReidNews]
  4. CD burning already in WinXP by extra88 · · Score: 3, Informative

    What if Microsoft bundles a DVD/CD - burning program with LongHorn?

    Windows XP already has CD burning capability. Guess what? It's licensed Easy CD Creator code from Roxio. Check the Version info on C:\Program Files\Common Files\Adaptec Shared\CreateCD\CreateCD50.exe (the folder name is left over from when Adaptec owned Easy CD Creator).

  5. Re:makes sense... by AveBelial · · Score: 1, Informative

    Note: The functionality in Xp is limited to burning data and audio (Plus highMAT formats with a plugin) but the software in windows XP is licenced from Roxio

  6. Re:Sounds like a solid business plan by Gogo+Dodo · · Score: 2, Informative

    According to Roxio's latest quarterly report (three months ending June 30, 2004) on page 18, the "Consumer software" segment of Roxio did make money: on $22,048,000 of revenues, it made $4,585,000. The music segment didn't do so well: on $7,867,000 of revenue, it lost $8,136,000.