Roxio To Become Napster
from the who-needs-that-other-stuff? dept
It's been less than two years since Roxio snapped up Napster's assets. While they've been doing their best to divert student fees at universities to Napster, overall the offering has struggled. Still, it apparently appears like a better bet than Roxio's boring old consumer software division, so they've decided to get out of that business entirely, rename themselves Napster, and focus on losing money to the RIAA on every sale.
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So Roxio takes their software assets and sells them of while they're still worth something thus filling their warchest with an excess of 70 million dollars and probably cutting their overhead significantly now that they don't need those developers or support staff for those products.
It's probably a 50-50 bet as to whether this will work or not but it's definitely better than the 100% chance they had of going out of business.
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Close to in-car broadband?
Maybe Roxio believes this is just around the corner? I can't imagine they would make a move like this with Napster in its current state.
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