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NAPSTER 2.0 TO LAUNCH BY CHRISTMAS
The Top Brand in Online Music Will Be the First to Empower Music Fans with the Freedom to Choose Unlimited a la Carte Downloads or Monthly Subscriptions NEW YORK (July 28, 2003) - Chris Gorog, Chairman and CEO of Roxio, Inc. (Nasdaq: ROXI), The Digital Media Company®, will announce key elements of the launch strategy for the new Napster® in his keynote address at Jupiter’s Plug-In conference today. "Napster 2.0", which will be a legal, paid music service, will be available to consumers by Christmas. Mr. Gorog also plans to reveal that at launch, Napster 2.0 will allow users access to up to 500,000 tracks any way they choose; by paying for individual downloads, by monthly subscription, via Internet radio, or in any combination. "Napster 2.0 is being built from the ground up to reflect the essence of independence and innovation that the brand is known for," said Mr. Gorog. "Consumers want flexibility, and for the first time they will not have to choose between downloads or subscriptions. Napster 2.0 will allow music fans to do both, putting the power where it belongs - in the hands of consumers." "We are pleased by consumers’ continuing interest in the Napster brand, as evidenced by the very significant traffic we are receiving to our placeholder site at www.napster.com which allows consumers to sign up for updates on our progress and enjoy some creative teasers prior to the availability of the service. Our early prototypes of Napster 2.0 are progressing very well and we will be disclosing additional details as we get closer to our launch," concluded Mr. Gorog. About Napster Napster is the world's most recognized brand in online music. Napster has extensive content agreements with the five major record labels, as well as the top independents. The service will deliver access to one of the largest music catalogs, featuring artists from Eminem and Miles Davis to the Dixie Chicks and Bob Marley. Napster is a division of Roxio, Inc., (Nasdaq: ROXI), The Digital Media Company® and provider of the best selling digital media software in the world. Napster has offices in Los Angeles and New York. About Roxio Roxio, Inc. provides the best selling digital media software in the world. Roxio makes award-winning software products for CD/DVD burning, photo editing and video editing. Roxio's family of products includes category-leading products Easy CD & DVD Creator™, Digital Media Suite™, Easy CD Creator® (Windows) and Toast® (Macintosh) for CD/DVD burning, PhotoSuite® for digital photography, and VideoWave® for digital video. Roxio also owns Napster®, the ground breaking on-line music service, and plans to re-launch it as a legal, paid service in the near future. Roxio's current installed base is in excess of 100 million users. Roxio distributes its products globally through strategic partnerships with major hardware manufacturers, in stores with the leading worldwide retailers, through Internet partnerships and also sells its products direct at www.roxio.com. Headquartered in Santa Clara, California, Roxio also maintains offices in Minnesota, Canada, United Kingdom, Netherlands, and Japan. The company currently employs approximately 400 people worldwide. Roxio is a member of the S&P SmallCap 600 and the Russell 2000 Index. Safe Harbor Statement Except for historical information, the matters discussed in this press release, in particular matters related to the development of our online music distribution service and our relationships with content providers, are forward-looking statements that are subject to certain risks and uncertainties including general economic conditions in the US and abroad, delays in development and competition, which could cause actual results to differ materially from those projected. Additional information on these and other factors are contained in Roxio's reports filed with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K as filed with the SEC on June 30, 2003, copies of which are available at the website maintained by the SEC at http://www.sec.gov. Roxio assumes no obligation to update the forward-looking statements included in this press release. Copyright © 2003 Roxio, Inc. All rights reserved. Roxio, the Roxio tagline, Easy CD & DVD Creator, PhotoSuite, VideoWave, Napster, Pressplay and Toast are either trademarks or registered trademarks of Roxio, Inc. in the United States and/or other countries. All other trademarks used are owned by their respective owners.
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