AfterDawn: News

Roxio buys Napster's assets

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

Written by: Petteri Pyyny @ 15 Nov 2002 2:55

• Previous article

• Pressplay now offers music from all five major labels

• Next article

• 3D optical storage provides huge capacity

• 7 comments

• A_Klingon

  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 --
  

  15.11.2002 10:39 #1

• Ghostdog

  Anyone else willing to pay 3 mill for a corpse?

  15.11.2002 11:58 #2

• Dela

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

  Did any info help you. If so, thank the afterdawn staff!! If this website wasnt around we would all be still roaming for answers. There is some software you can get for free that will support this site or drop a donation if possible!

  16.11.2002 18:41 #3

• Ghostdog

  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.

  16.11.2002 22:56 #4

• A_Klingon

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

  Waddaya think of signature lines? Aren't they strange? You can go on and on and on and on about absolutely nothing in particular, blabbing off about this and about that and everything you say is just a waste of time, and besides, I never liked signature l

  17.11.2002 00:36 #5

• Ghostdog

  Like your sig, Klingon.

  17.11.2002 02:16 #6

• A_Klingon

  <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. --
  

  .

  17.11.2002 02:52 #7