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BUSINESS
September 9, 2004 | Jon Healey, Times Staff Writer
After selling downloadable songs at half-price for three weeks, RealNetworks Inc. has climbed the ladder of online music stores -- all the way to ... No. 2. Real sold about 3 million tracks during the promotion, which cost the company about $2 million, said Sean Ryan, vice president of music services. That's less than one-third as many downloadable songs as market leader Apple Computer Inc. typically sells in a three-week period.
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BUSINESS
August 24, 2004 | From Associated Press
RealNetworks Inc. said Monday that it would begin offering a steep discount on its digital music subscription service to some university students in an effort to stem illegal downloads and attract long-term customers. The Seattle company said it had struck deals with UC Berkeley and the University of Minnesota system to offer its standard Rhapsody service to students for $2 to $3 a month. The service is normally $9.95 a month.
BUSINESS
July 30, 2004 | Jon Healey, Times Staff Writer
Apple Computer Inc. Chief Executive Steve Jobs finally had something to say to RealNetworks Inc. CEO Rob Glaser, and it wasn't "I'd like to teach the world to sing." For months, Jobs had ignored Glaser's entreaties that Apple enable its iPods to play songs from Real's downloadable music store. So Glaser did it without Apple's help: This week, Real unveiled a technology dubbed Harmony that makes the tracks it sells work on iPods and other players.
BUSINESS
June 14, 2004 | Jon Healey, Times Staff Writer
RealNetworks Inc. and Starz Encore Group plan to start offering unlimited movies today through the Internet for a flat monthly fee -- with a limited selection of year-old films that can take hours to download. Despite that drawback, the companies think their $12.95-a-month Starz! Ticket service will be a hit, largely because byzantine Hollywood contracts give them a virtual monopoly on this type of all-you-can-watch service. That means Starz!
BUSINESS
April 29, 2004 | From Bloomberg News
K-Swiss Inc., an athletic-shoe maker that split its shares and doubled its dividend in December, cut its 2004 profit and sales forecasts after orders from Foot Locker Inc. dropped. Its shares fell 21%. K-Swiss expects to earn $1.40 to $1.50 a share this year, down from its earlier forecast of $1.50 to $1.65, on sales of $460 million to $480 million. The company reported net income of $1.32 a share on sales of $429.2 million in 2003. Shares of Westlake Village-based K-Swiss fell $5.06 to $19.
BUSINESS
April 16, 2004 | From Associated Press
As competition in the online music market stiffens, RealNetworks Inc. has so far failed in a bid to partner with its Internet music rival Apple Computer Inc. and join forces against their common enemy, Microsoft Corp. RealNetworks Chief Executive Rob Glaser sent an e-mail to Apple Chairman Steve Jobs seeking an alliance and a meeting to discuss it this week while Seattle-based Glaser was in Silicon Valley. Apple executives declined to comment.
BUSINESS
March 23, 2004 | From Bloomberg News
Microsoft Corp., which is trying to halt declines in MSN Internet subscriptions by selling Web software, said it had signed an agreement to broadcast Major League Baseball games to customers of MSN Web. The agreement comes less than two months after Microsoft rival RealNetworks Inc. ended talks to extend its partnership with the league, saying the terms wouldn't let the company turn a profit.
BUSINESS
March 10, 2004 | From Bloomberg News
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.
BUSINESS
February 7, 2004 | From Bloomberg News
RealNetworks Inc. said a flaw in its RealPlayer software for playing music over the Internet may let hackers take control of a personal computer. The problem with RealPlayer, which competes with similar software from Microsoft Corp., allows someone to create a fake song file that when loaded into the program could make the PC run whatever malicious instructions the creator set up, the company said.
BUSINESS
January 30, 2004 | Jon Healey, Times Staff Writer
Despite growing sales and a larger base of subscribers, RealNetworks Inc. on Thursday reported a wider quarterly loss due to lower profit margin and higher legal expenses. The company reported a loss of $5.3 million, or 3 cents a share, on revenue of $54.1 million in the quarter ended Dec. 31. Although the loss was in line with analysts' expectations, it was more than double the loss of $2.5 million, or 2 cents a share, reported a year earlier, despite a 17% increase in revenue.
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