Feeds

Napster trades on Nasdaq

Arrivederci, Roxio

  • alert
  • submit to reddit

5 things you didn’t know about cloud backup

Napster has begun its life as an independent company, following the completion of the sale of former parent Roxio's software operation.

Roxio's stock began trading under the NAPS ident yesterday as the company dropped its old name the better to reflect its sole focus on digital media.

And with the software side of the business gone, we now get a (slightly) better picture of how Napster - the digital music enterprise - is doing. The company reckons it will report revenues of around $11m for the three months to 31 December 2004, up 18.3 per cent from the previous quarter's $9.3m.

During Q2 FY2005, Roxio's digital music operation cost around $7.5m. That seems unlikely to change in the most recently completed quarter, Q3 FY2005. Taking other overheads into account, Napster seems certain to report a loss for the period, despite that double-figure revenue growth.

Having sold the software operation for $72.3m in cash and, at 17 December 2004, $13.6m worth of Sonic Solutions (the purchaser) shares, Napster ended Q3 with over $130m in the bank. So it has plenty of room to sustain a loss while it works on building its revenue base. ®

Related stories

2004 in Review: Downloading digital music
Institutions pour $25.2m into digital music firm
HMV to spend £10m to catch up with Napster, Apple
Sonic buys Roxio software biz
Apple talks up mid-range Motorola 'iPod phone'
Apple iTunes sells 200m songs
Napster tunes into mobile ringtones
Wippit to gain over 1m major-label tracks
UK govt takes iTunes gripe to Europe

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.