Roxio Appoints Universal Music Group Executive to its Board of Directors
Santa Clara, California - (July 23, 2003) - Roxio, Inc. (Nasdaq:ROXI), The Digital Media Company®, announced today the addition of Larry Kenswil to its board of directors. Mr. Kenswil is currently President of eLabs, a division of Vivendi Universal's Universal Music Group ("UMG"). eLabs is UMG's new media and technologies division, and is responsible for overseeing the company's efforts in new formats and e-commerce as well as developing strategies for protecting copyrights in the digital domain.
Mr. Kenswil has led eLabs since its inception in January 1999. Previously, he was UMG's Executive Vice President, Business and Legal Affairs. Mr. Kenswil sits on the Board of Directors of the Recording Industry Association of America (the "RIAA") and, previously, the Board of the International Federation of the Phonographic Industry ("IFPI"). He is active in government affairs on behalf of the music industry, having testified before both congressional and administration committees.
Mr. Kenswil holds a B.A. from Cornell University, an M.S. from Boston University, and a J.D. from Georgetown University.
Safe Harbor Statement
Except for historical information, the matters discussed in this press release, in particular matters related to Roxio's future revenue, net income (loss), cash flow, the re-launch of Napster, OEM relationships, relationships with content providers, and
product development, are forward-looking statements that are subject to certain risks and uncertainties such as decreased demand
for our products, increased competition, failure to develop new products or improvements to existing products, general economic
conditions and third party claims, 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 Annual Report on Form 10-K as filed with the SEC on June 30, 2003, 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.
Roxio, a division of Sonic Solutions, develops and markets the best-selling digital media software in the world. Roxio offers
award-winning software products for CD/DVD burning, photo editing and video editing and has an installed base of over 150 million
users. Roxio distributes its products globally through strategic partnerships with major hardware manufacturers, through leading
retailers, through Internet partnerships and through direct sales at www.roxio.com. Roxio's
parent company, Sonic Solutions (NASDAQ: SNIC;
http://www.sonic.com) is the leader in digital media software and provides a broad range of software
tools and applications for creative professionals, business and home users and technology partners. Sonic's products range from professional
DVD authoring systems and interactive content delivery technologies that are used to produce the majority of Hollywood movies released on DVD,
to the award-winning Roxio- and Sonic-branded CD and DVD creation, playback and backup applications that have become the premiere solutions
for consumers and business users worldwide. Sonic's AuthorScript® is the de facto standard for CD and DVD burning and formatting and has
been licensed by major software and hardware manufacturers, including Adobe, Broadcom, Microsoft, Scientific-Atlanta, Sony, and many others.
Sonic Solutions is headquartered in Marin County, California.
Sonic, the Sonic logo, Sonic Solutions, Roxio, MyDVD, CineMagic, Plug & Burn, LiveShare, Roxio Easy Media Creator, and
AuthorScript are trademarks or registered trademarks of Sonic Solutions or its subsidiaries in the United States and/or other
countries. Dolby is a trademark of Dolby Laboratories. All other company or product names are trademarks of their respective
owners and, in some cases, are used by Sonic Solutions under license. Specifications, pricing and delivery schedules are subject
to change without notice.