March 15, 2004, 12:00 AM

Napster’s revenue up 53% quarter over quarter

Roxio Inc. said today it expects revenue in its Napster digital music division to reach $5.5 million in the fourth quarter, which will end March 31. Napster’s third quarter revenue was $3.6 million.

Roxio Inc. said today it expects revenue in its Napster digital music division to reach $5.5 million in the fourth quarter, which will end March 31. Napster’s third quarter revenue was $3.6 million.

"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," said Chris Gorog, chairman and CEO.

Napter has created a number of ways for customers to pay for music at its site, including not just subscription and pay-per-song models, but also pre-paid cards that it is selling in retail locations for consumers to use themselves or give as gifts. Napster has content agreements with the five major record labels, as well as hundreds of independents and provides more than 500,000 music tracks.

Roxio also reported that sales of its software for CD/DVD burning, photo editing and video editing will reach $26 million in the quarter, up from $15.2 million in Q3.

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