RealNetworks (NSDQ: RNWK) filed its 10-K annual report last week with SEC, and some numbers on the layoffs it did in relation to its WiderThan acquisitions, and some layoffs in its music division.
During Q407, it recorded a restructuring charge of $3.7 million, primarily related to severance. These charges were “a result of workforce reductions and other realized synergies among our recent acquisitions,” it said.
On the formation of its MTV joint venture music company Rhapsody America, it adds some additional details on the deal structure (more than the ones we reported here first):
– “We have a right to purchase from MTVN (NYSE: VIA), and MTVN has a right to require us to purchase, MTVN