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Posts Tagged “realnetworks”

Social-music company iLike, which got a boost when its music widgets became adapted by about 5.4 million Facebook users who need to tell their friends just how rad MGMT was, is looking for a buyer, according to AllThingsD. Among the reasons for the buyout: The recent trials of imeem, the high cost of licensing music for free online streaming, the tough path toward revenue, and the possibility that Facebook will create its own music service and cut out the middleman. Ticketmaster and RealNetworks are reportedly among the company's potential suitors. [MediaMemo]

the law

ASCAP To Online Music Services: Pay Up Like The Judge Told You To

Yesterday, a judge ruled that RealNetworks, AOL, and Yahoo! had to pay the American Society of Composers, Arrangers, and Performer 2.5% of "adjusted music-use revenue" between 2002 and 2009. That's half a percentage point higher than what terrestrial radio stations have to pay to the organization, a decision that U.S. District Judge William C. Conner came to because online radio generally plays more songs per hour than its over-the-air The three companies—who had proposed rates ranging from .9% (for music videos) to 2.5% (for on-demand audio)—could owe as much as $100 million to ASCAP as the result of the decision, and needless to say, they are not very pleased. More »

RealNetworks laid off about 2% of its staff last week, including 35 job cuts in the company's Seattle headquarters. The layoffs were reportedly made to rectify "redundancies" that resulted from the company going on a mini-acquisition spree over the last two years. [Seattle P-I via paidContent]

mp3

RealNetworks Latest To Join 'iPod Killers' Lineup

Reports are surfacing this morning that RealNetworks, owner of music-streaming service Rhapsody, is planning to announce its own entry into the digital music player world. This comes shortly after murmurs that files from Rhapsody— and other online services like Yahoo! and Napster—won't work on Microsoft's Zune digital media player. We're sure our tech-happy bretheren at Gizmodo—who have info on Best Buy's attempt at competing with the iPod (huh?)—will have the latest news and product shots. One question: Is it too much to hope that Real put on a music-blogger dog and pony show, too? More »