 |
|
      
|
|
Contact: Alex Wellins The Blueshirt Group, for Roxio 415-217-7722
ROXIO RAISES REVENUE GUIDANCE FOR BOTH
NAPSTER AND SOFTWARE DIVISIONS
SANTA CLARA, Calif., March 15, 2004 - Roxio, Inc. (Nasdaq: ROXI), The Digital Media Company® and parent company of Napster®, today announced that it is raising revenue guidance for the fiscal fourth quarter ending March 31, 2004 due to strong consumer demand for both its online music service and software products. Roxio now expects revenue for its Napster division to increase to approximately $5.5 million, which compares to $3.6 million in the fiscal third quarter. Revenue for its software division is expected to increase to approximately $26.0 million, as compared to $15.2 million in the immediately preceding quarter. "Roxio's improving financial results reflect a very strong debut for Easy Media Creator 7, which has garnered outstanding reviews and is currently the top selling digital media software in the nation," said Chris Gorog, Chairman and CEO. "Napster has become the most popular PC-only online music service in the U.S., and given that the online music market is just beginning to develop, we expect to see continued sequential growth from this division as increasing numbers of consumers use Napster to explore and purchase music online." About Roxio and Napster Roxio, Inc. provides the best selling digital media software in the world and owns Napster®, the world's most recognized brand in online music. Roxio makes award-winning software products for CD/DVD burning, photo editing and video editing. Roxio's family of products includes category-leading products Roxio Easy Media Creator(TM), Easy CD & DVD Creator(TM), Digital Media Suite®, Easy CD Creator® (Windows) and Toast® (Macintosh) for CD/DVD burning, PhotoSuite® for digital photography, and VideoWave® for digital video. 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. 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. Safe Harbor Statement Except for historical information, the matters discussed in this press release, in particular matters related to the success of the Napster service, future revenue, demand for our service from universities and 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 decreased demand for our products, 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 February 17, 2004, 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 © 2004 Roxio, Inc. All rights reserved. Roxio, the Roxio tagline 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.
* * *
|
