Roxio closes Napster asset buy

[Sockfulloflove]

Roxio, a company best known for creating CD-burning technology, said Wednesday that it had completed its purchase of assets from bankrupt file-swapping company Napster.

Napster's technology and brand name have been on the auction block for months, after the company declared bankruptcy in June.

German media giant Bertelsmann had initially agreed to purchase the company for $9 million, but the agreement fell apart after a bankruptcy court blocked the purchase.

Roxio offers a music subscription service through Pressplay, a service owned by several major music labels. The company has made recent moves toward creating its own independent service, striking a music licensing deal with record label EMI. It's not yet clear how Roxio plans to use Napster's technology, however.

"The company will be announcing its plan for the development of Napster in the coming months," Roxio said in a statement Wednesday.

Roxio agreed to pay $5 million for Napster's patent portfolio and other intellectual property several weeks ago. Yet Roxio isn't taking on Napster's legal liabilities, including any that stem from the record companies' pending copyright lawsuit against the former file-swapping giant.

Record companies have only recently begun to give technology companies licenses to let subscribers burn their own CDs from downloaded music. This new development could help give Roxio a more solid foothold in the music distribution business, as it creates one of the most widely distributed CD software packages.

Napster's peer-to-peer software, for example, could help form a distribution mechanism for the company's own service.

[Zero Pain]

There cd burnin software sucks it's buggier then a box of cockroaches! Where the hell did these guys learn how to program? Wild Bill' Hickocks school of programmin? Gheezz..........I wouldn't buy anything Roxio EVER!! If your smart you would stay away from anything Roxio like you would with ebola!!!!!!!!!!!

[PornMaster]

ok, but isn't some porn company buying it?

There cd burnin software sucks it's buggier then a box of cockroaches! Where the hell did these guys learn how to program? Wild Bill' Hickocks school of programmin? Gheezz..........I wouldn't buy anything Roxio EVER!! If your smart you would stay away from anything Roxio like you would with ebola!!!!!!!!!!!

Roxio does make good software, it's a little buggy but it does the job. i've created over 200+ CD's and not one problem recording them, and PLUS roxio software is allways easy to use. i recommand getting roxio software to everyone cause it's that good!

[Elistas]

Originally posted by PornMaster
ok, but isn't some porn company buying it?

A porn company was interested in the Napster assets but was unwilling to pay the amount wanted which resulted in a quick end to that.

Roxio does make good software, it's a little buggy but it does the job. i've created over 200+ CD's and not one problem recording them, and PLUS roxio software is allways easy to use. i recommand getting roxio software to everyone cause it's that good!

While Roxio's software is somewhat intrusive and very bloated, I think it is very useful and haven't experienced any bugs whatsoever.

[.::BeatFactory::.]

Roxio 'outbid' the porn company that was trying to buy it.