“RealNetworks Inc. shares fell as much as 9% Wednesday, giving back about half its Tuesday gains, after the digital music provider issued a sales and profit forecast that lagged Wall Street expectations,” Scott Banerjee reports for MarketWatch. The stock (RNWK) fell as low as $7.76. It had gained 15% yesterday, in advance of the company’s fourth-quarter earnings report.”
“‘I think the last week or so will in hindsight end up looking like a coming-out party for our games business,’ said Chief Executive Rob Glaser in an interview with MarketWatch. Glaser added that the company remains highly committed to the digital music market, but called the video-game division its ‘star business’ for the quarter,” Banerjee reports. “RealNetworks said that its number of paying music subscribers totaled 1.4 million, double the number of subscribers from a year ago but only 100,000 higher than the previous third quarter. RealNetworks did not break out the number of subscribers to Rhapsody-To-Go, the subscription-music service that allows users to transfer songs to portable music players. Glaser said that Rhapsody-To-Go remains an ‘early adopter’ product, as the current portable audio player offering has yet to appeal to connect with a mass market. The subscription service is currently not compatible with the iPod music player from Apple Computer Inc. ‘When you can couple something with a compelling portable device, you open up a big broad market,’ said Glaser.”
Full article here.
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RealNetworks doubled music services subscriber base in 2005, hits 1.4 million subscribers – February 14, 2006
Oppenheimer downgrades RealNetworks based on Microsoft’s ‘URGE’ partnership with MTV – December 15, 2005
MTV-Microsoft URGE music service not targeting iPod, iTunes users; Real CEO PlayedForSure? – December 13, 2005
Real’s Glaser: Apple iPod+iTunes ‘will lose out because of the share of market forces against them’ – October 29, 2005
Analyst: Real and Microsoft deal ‘doesn’t change the dynamics for Apple in any way, shape or form’ – October 12, 2005
Microsoft to pay RealNetworks $761 million antitrust lawsuit settlement – October 11, 2005
Piper: Napster, Yahoo, MSN, Real fighting for small slice of Apple iTunes Music Store’s pie – September 16, 2005
Rob Glaser photo caption contest now open – June 30, 2005
Real CEO Glaser calls Apple ‘deceptive’ with iTunes Music Store – March 07, 2005
RealNetworks’ CEO Rob Glaser grabs 3 of top 10 spots on ‘Dumbest Moments in Business 2005’ list – January 31, 2005
The de facto standard for legal digital online music files: Apple’s protected MPEG-4 Audio (.m4p) – December 15, 2004
Bono-Glaser photo caption contest now open – October 25, 2004
Analyst: Rob Glaser’s ill-advised war against Apple ‘is going to bite RealNetworks on the ass’ – August 30, 2004
NY Times: Real CEO Glaser was close to having ‘iPod’ before Apple, but let it ‘slip through his fingers – April 24, 2004
Real’s CEO Glaser: Apple’s iPod/iTunes combo ‘threatens to turn off consumers’ – April 20, 2004
Jobs to Glaser: go pound sand – April 16, 2004
Real CEO Glaser begs Apple to make iPod play nice with other music services – March 24, 2004
Real CEO Glaser: ‘iTunes is only going to be used for playing songs you bought using the iTunes store – January 16, 2004