Roxio Inc. on Monday adjusted its second fiscal quarter 2005 guidance upward, indicating that it expects combined revenues of about US$27 million, ahead of the $25 million previously forecast. The company’s CEO Chris Gorog attributes the positive news to “increased traction in the online music market and a favorable mix toward subscribers.”
Roxio expects its Napster music download service to pull in about $9 million, ahead of the $8 million it had previously forecast. The software division, which includes Toast Titanium CD burning software for the Mac, is expected to pull in about $18 million, compared to the $17 million forecast previously.
Gorog also indicated that Roxio’s previously announced plans to sell its software division to Sonic solutions is on track to close during the fourth calendar quarter, pending stockholder and regulatory approval. Roxio and Sonic announced such plans
in early August
in a deal valued at $80 million.