December 21, 2000 |
RealNetworks Inc. reduced its forecast for fourth-quarter sales and earnings, citing a slowdown in Web-related spending. The maker of Internet media software said profit will be 2 cents a share on revenue of $58 million to $60 million. Analysts on average were expecting earnings of 4 cents, according to First Call/Thomson Financial. Sales had been forecast at $73.6 million, the average analyst estimate from IBES International Inc. RealNetworks also cut its targets for next year's results.
January 10, 2003 |
RealNetworks Inc. said film and record companies, including Sony Corp. and EMI Group, will use its new software for preventing music and video piracy. The Helix DRM product will ensure that consumers who copy music or video from the Internet can do so only for certain formats such as digital music players, a spokesman said. Consumers won't be able to transfer the music and videos to unauthorized users. Shares of the Seattle-based company rose 5 cents to $3.92 on Nasdaq.
October 28, 2005 |
XM Satellite Radio Inc.'s third-quarter loss widened as it spent more on programming. The shares tumbled 10% on investor concern that fewer General Motors Corp. customers signed up after a free trial. The net loss widened to $131.9 million, or 60 cents a share, from $118 million, or 59 cents, a year earlier, Washington-based XM Satellite said. Revenue more than doubled to $153.1 million. From Bloomberg News * RealNetworks Inc.
July 18, 2001 |
RealNetworks Inc., maker of the most popular Internet media player software, said Paul Bialek, its chief financial officer, will step down as it reported a steep drop in second-quarter earnings. The Seattle-based company also warned that it might not have a profit in its third quarter. Analysts were expecting earnings of 2 cents a share. RealNetworks shares fell to as low as $9.50 in extended trading after closing up 27 cents at $10.78 on Nasdaq.
August 27, 2005 |
A group of Internet music subscription service providers including RealNetworks Inc. and Yahoo Inc. can't agree with songwriters on royalty payments for tunes streamed over the Web, leaving composers and songwriters unpaid. Talks on a payment rate broke down Aug. 16, with a group representing service providers offering 6.9% of total sales and songwriter groups asking for 14%, said a songwriters' representative.
February 15, 1999 |
Nearly everyone in the high-tech world agrees that consumers are eager to embrace a faster means of surfing the Internet. But once people get broadband service--either through a cable modem or a high-speed digital subscriber line--they quickly realize that there is a dearth of online content that takes advantage of the bandwidth. Not for long. At Home Corp., the broadband powerhouse that announced it would buy Internet portal Excite Corp. for $6 billion, obviously has been expanding its reach.
May 18, 2001 |
In a possible preview of the future of music retailing on the Internet, a software developer on Thursday showed a congressional subcommittee a "legal Napster"--a new online subscription service that lets Web surfers rent or buy single songs rather than an entire CD. RealNetworks Inc. Chairman Rob Glaser claimed the service is secure from pirates--as artists have demanded--with a searchable list of songs that are easy for consumers to purchase, download and play.
October 12, 2005 |
RealNetworks Inc. said Tuesday that it settled its antitrust case against Microsoft Corp., a deal that allows the digital media firm to promote its music subscription service to much of Microsoft's vast audience. The arrangement, worth an estimated $761 million to Real, ends the largest remaining antitrust case against Microsoft. The deal will make it easier for each company's computer-based programs to play audio and video recordings encoded with the other's technology.
March 10, 2004 |
RealNetworks Inc., which sells Internet audio and video software, sued Major League Baseball to enforce a contract that makes broadcasts of baseball games available to users of its RealPlayer software. RealNetworks was the exclusive provider of software for viewing the league's games over the Internet during the last three years until a contract expired last month.
October 29, 2003 |
RealNetworks Inc. on Tuesday claimed the lead among online music services, announcing that it had more than 250,000 paying subscribers for its Rhapsody and RealOne RadioPass offerings at the end of September. Boosted by Real's gains, subscription music services now appear to generate more revenue than Apple Computer Inc.'s well-publicized downloadable music store. Apple executives, however, say their store is breaking even whereas most subscription services still are reporting losses.