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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."

8 of 288 comments (clear)

  1. News Flash by danheskett · · Score: -1, Redundant

    3-6 months from now that headline will be "Roxio Bankrupt; selling assets at firesale prices".

    Not good. Roxio isn't going to make it. Apple iTunes is about one or two competitors from being the permanent market leader.

  2. Um... wtf? by Millennium · · Score: -1, Redundant

    Selling off the profitable divisions to concentrate on the money-losing portion? What business-management professor taught them that trick, and why does this professor still have a job?

  3. IANABM (I'm Not A Business Major) by Shadow+Wrought · · Score: -1, Redundant

    Is it just me or does it not make sense to sell off the profitable portion of your company and solely embrace the unprofitable part of your business? Especially with the original Napster lawsuits still circling. Or maybe I answered my own question...

    --
    If brevity is the soul of wit, then how does one explain Twitter?
  4. Sarcasm by dg41 · · Score: 0, Redundant

    When I first read the description, I thought this article was sarcasm. I'm saddened to find out that it's not.

  5. Are we in a time warp by erwin · · Score: 0, Redundant

    I didn't know it was April 1st again so soon...

  6. Re:MBA by smacktits · · Score: 0, Redundant

    Why not? Look how successful the original Napster was, and it was ran by pimply-faced nerds.

  7. Alrighty already... by Anonymous Coward · · Score: -1, Redundant

    Enough with the April 1st comments. Damn it wasn't funny the first time, and it's not funny the next five times.

  8. o_O by Rinisari · · Score: 0, Redundant

    *checks date*
    C'mon guys, It's not April 1st...
    Why Do Companies Commit Financial Suicide!?!?!

    --
    Colin Dean Go a year without DRM