Comments on: Rob Glaser Out as RealNetworks CEO; Robert Kimball President and Acting CEO

By: Narendra Royal Inti

Narendra Royal Inti — Mon, 22 Mar 2010 15:23:45 +0000

* Real bought Rhapsody — formerly Listen.com — in 2003 for about $36 million.

* Rhapsody sells monthly subscriptions starting at $13, providing unlimited access to a vast library of digital music.

* Subscriptions to Rhapsody have settled at about 700,000 after peaking at more than 800,000 in the first quarter of 2009.

* Separating Rhapsody into its own independent company is a significant first step in making RealNetworks a more focused and profitable company,so that Rhapsody will be the largest pure-play digital music service in the market.

* Being removed from the RealNetworks umbrella will give Rhapsody more flexibility to partner with other companies.

* RealNetworks stock closed last Tuesday at $4.16, up 2 cents. The spinoff announcement came after the markets closed. In after-hours trading, the stock jumped more than 10 percent to $4.59 , so that is a very good sign for the Real Networks to bounce back from this quater ..
– Narendra Royal Inti .

By: Andrew Levine

Andrew Levine — Fri, 15 Jan 2010 01:01:54 +0000

They still earn a good chunk of change and do very well in many businesses for mobile so are doing something right! Look at Verizon and AT&T mobile video services, that comes from RealNetworks just as an example. Their music service and ring back tone services are on many operators globally so they are doing pretty well. Yes, still in business and making money.

By: drjohnfrink

drjohnfrink — Wed, 13 Jan 2010 21:25:06 +0000

Yawn. Are they really even still in business? Who knew!