Roxio, provider of the best selling digital media software in the world announced today that it acquired Pressplay, the nation?s premier online music service. As a result, Roxio has acquired a legal digital music distribution infrastructure and catalog rights with all five major music labels. Pressplay will serve as the foundation for the launch of Roxio?s new legal on line music service under the Napster brand.
?Roxio?s acquisition of Pressplay significantly accelerates the development of our online music business which is central to the strategic development of our company,? said Chris Gorog, Roxio?s Chairman and CEO. ?With our acquisition of Napster we obtained the most powerful brand in the online music space. Now, with our acquisition of Pressplay, we have the most complete and scaleable legal technology infrastructure to use as a platform to re-launch Napster. After taking the necessary time to add features, enhance functionality and improve usability we will launch a new service with an extremely compelling consumer experience that builds on the qualities of the Napster brand.?
Source:
http://www.roxio.com/en/company/news...se030519.jhtml
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