Roxio/Napster raises revenue targets
Roxio today elevated its 4th quarter 2004 revenue guidance citing strong interest in its music service and software products.
The organization revealed it expects its Napster division to determine $5.5 million revenues Up from $3.6 within the third quarter. The business’s software revenues will also be likely to climb, from $15.two million in Q3 to $26 million in the present quarter.
Napster Chief executive officer Chris Gorog stated: “Since online music marketplace is just starting to develop, we anticipate seeing ongoing consecutive growth out of this division as growing figures of shoppersInch use online music services.