Toast and Jam maker
has hedged a good deal of its future financial bets on the success of its relaunched, now legitimate commercial music download service Napster. Now the company is putting its money where its mouth is by relocating its corporate headquarters to Los Angeles, site of the Napster offices.
The company’s digital media software division will remain in Santa Clara, according to Roxio Chairman and CEO Chris Gorog. “We believe Napster will be a very significant contributor to Roxio’s future and headquartering the company in the center of the entertainment industry should prove advantageous,” he said.
Roxio Head of Worldwide Business Development Brad Duea is getting kicked upstairs to the President’s office at Napster, taking over for Mike Bebel, who will be “winding down his duties after a transitional period.”