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Napster contact: Adam Howorth Communications Director Tel: +44 (0) 207 1017281 adam.howorth@napster.co.uk NAPSTER APPOINTS NEW PRESIDENT
Brad Duea upped from VP worldwide business development LONDON - (February 2, 2004) - Napster®, a division of Roxio (Nasdaq: ROXI), has appointed Brad Duea as its new president, a position previously held by New York-based Mike Bebel. Duea was previously vice president of worldwide business development and continues to report to Napster and Roxio chairman and CEO Chris Gorog in Los Angeles. His promotion is part of the consolidation of the corporate functions and senior management teams of Roxio and Napster into Napster’s offices in Los Angeles. Bebel will be winding down his duties after a transitional period while assisting in the consolidation to LA. Laura Goldberg will be relocating to Los Angeles in the role of Napster chief operating officer. LA-based Glenn Kaino will continue leading all creative activities and music programming as Napster chief creative officer. Leanne Sharman who recently joined Napster as VP of business development and its first European executive will continue to report directly to Duea. Roxio’s Chairman and CEO Chris Gorog commented: "Since launch, Napster has quickly established itself as one of the top two leading services in digital music and it is now time that we turn our attention to a centralization of our organization after our acquisition of Pressplay last year. We believe Napster will be a very significant contributor to Roxio’s future and headquartering the company in the center of the entertainment industry should prove advantageous. Roxio’s digital media software division will continue to be managed by Tom Shea in our Silicon Valley offices in Santa Clara. We believe these changes will make Roxio and Napster more productive and efficient organizations." Brad Duea joined the Company in February 2001, as VP, Business Development. Since joining Roxio, Duea has played an integral role in Roxio’s entry into the online music business, including structuring agreements with major record labels and serving as a key member of the transaction team in the acquisition of Pressplay from Universal Music and Sony Music Entertainment. Duea has also been leading Napster’s strategic partnering efforts on a global basis. Prior to joining Roxio, Duea served as the Vice President, Corporate Development, for PeopleSupport, Inc. and has also served as a corporate lawyer with the law firm O'Melveny & Myers LLP, where he worked on entertainment-related joint ventures, partnerships, financings, and mergers and acquisitions. Duea holds a Juris Doctor degree, Magna Cum Laude, from the University of San Diego, a Master of Business Administration degree in Finance and International Business, Beta Gamma Sigma, from the University of Southern California, and a Bachelor of Arts degree in Law and Society, High Honors, from University of California at Santa Barbara. "Brad has made significant contributions to the strategic development and management of Roxio and Napster and we are confident he will have a very positive impact helping manage this rapidly growing business," said Mr Gorog. "I look forward to working very closely with Brad, Laura and Glenn as we continue building the biggest brand in online music." About Napster Napster® is the world's most recognized brand in online music. Napster has content agreements with the five major record labels, as well as hundreds of independents. Napster delivers access to the largest catalog of online music with more than 500,000 tracks spanning all genres and artists from Eminem to Miles Davis. Napster is a division of Roxio, Inc., (Nasdaq: ROXI), the Digital Media Company, provider of the best-selling digital media software in the world. Napster has offices in Los Angeles and New York. Safe Harbor Statement Except for historical information, the matters discussed in this press release, in particular matters related to relationships with certain corporate partners including marketing partners and hardware and software manufacturers are forward-looking statements that are subject to certain risks and uncertainties such as increased competition, failure to maintain business relationships with our partners and general economic conditions, that 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 Quarterly Report on Form 10-Q as filed with the SEC on November 14, 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, Burnpak, Easy CD&DVD Creator and Napster are either trademarks or registered trademarks of Roxio, Inc. or its subsidiaries in the United States and/or other countries. All other trademarks used are owned by their respective owners.
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