Roxio Appoints Veteran Entertainment Executive to Its Board of Directors
Santa Clara, California - (April 2, 2003) - Roxio, Inc. (Nasdaq:ROXI), The Digital Media Company®, provider of the best selling digital media software in the world, announced today the addition of Brian C. Mulligan to its board of directors.
Mr. Mulligan, an entertainment industry veteran, is currently working with a consortium to acquire the U.S. entertainment assets of Vivendi Universal. Mr. Mulligan served as the Chairman of Fox Television, where he was responsible for network operations, the station group, the cable channel group, sports, and first run and domestic syndication, and was previously the Chief Financial Officer of The Seagram Company Ltd., parent company of Universal Music, the world leader in recorded
music, and Universal Studios, Inc., during which time he was instrumental
in improving operations and in constructing and negotiating several
major transactions and financings. Prior to this appointment, Mr.
Mulligan was Co-Chairman of Universal Pictures, responsible for
worldwide film and video operations. Previously, he was Executive
Vice President, Operations and Finance at Universal Studios, Inc.,
a leader in motion pictures, television, and theme parks. Mr. Mulligan
was also an Executive Advisor to The Boston Consulting Group in
their media and entertainment practice.
"Brian's deep background and substantial experience in film,
music, television, media, and finance will be a great asset to Roxio
as we continue to develop our industry-leading digital media software,"
said Chris Gorog, president and CEO of Roxio and chairman of the
Roxio board. "Additionally, as we develop our on-line entertainment
distribution business with our recent acquisition of Napster, the
best known on-line music distribution brand, Brian's expertise will
be extremely valuable. Our seasoned board brings together senior
executives from technology, entertainment and media, and consumer
marketing. Brian will be a welcome addition to our board which we
view as one of the greatest strengths of our company."
In commenting on his appointment to the Roxio board Mr. Mulligan
said, "I'm very pleased to be joining the board of this innovative
company at such an exciting time for the technology and entertainment
industries. As technology continues to evolve, new opportunities
to effectively package and distribute entertainment are being created
constantly. Roxio is well positioned to become a leader in developing
legal and creative solutions to conveniently and electronically
deliver all types of entertainment to consumers throughout the world."
Mr. Mulligan has a Master of Business Administration from the John
E. Anderson Graduate School of Management at UCLA and earned an
undergraduate degree in Business Administration from the University
of Southern California. He has also served on several boards. Mr.
Mulligan lives with his wife, Victoria, and two children.
Safe Harbor Statement
Except for historical information, the matters discussed in this
press release, in particular matters related to Roxio's marketing
efforts include forward-looking statements that are subject to certain
risks and uncertainties 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 and Quarterly Report on Form 10-Q as
filed with the SEC on July 1, 2002 and February 14, 2003, respectively,
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.