NEW YORK — Roxio, the software maker that is planning to relaunch Napster, has promoted veteran multimedia-software exec Tom Shea to president and chief operating officer and tapped the head of recently acquired music Netco Pressplay to head up the Napster initiative.
Shea, who reports to Roxio chairman and chief exec Chris Gorog, most recently served as senior VP and COO at the company, where he spearheaded Roxio’s development of CD- and DVD-burning software that is now ubiquitous on newly shipped PCs.
Separately, Roxio named Pressplay boss Michael Bebel as prexy and operating chief of the Napster division. Exec, who hails from Universal Music Group’s eLabs new-media division, was tapped to run Pressplay in July 2002.
Roxio acquired the Napster brand and technology last November and bought Pressplay from media giants Sony and Vivendi Universal earlier this week. Company plans to combine the two to create a new online music service under the Napster brand.
Meanwhile, Pressplay rival MusicNet — backed by AOL Time Warner, RealNetworks, EMI and BMG — reasserted its presence in the market Thursday with the announcement of a new round of funding from those investors worth about $10 million.