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Earnings
RealNetworks’ Sales Drop Nine Percent

May 6, 2010 4:08 PM

RealNetworks (NSDQ: RNWK), which is in the midst of a major reorganization of its business, posted another down quarter, with revenue off nine percent to $128.6 million. The company did however swing to a profit of $3.2 million, or 5 cents a share, compared to a net loss of $12.1…

EPS* Rev. vs Q0109 Net Inc. vs Q0109
RNWK Release Beat Analysts' Estimates Revenue Indicator 9% Net Income Indicator N/A%
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Money, Earnings, Companies, RealNetworks

RealGames Rebrands As GameHouse, Launches Social Gaming Platform

May 4, 2010 9:15 AM

RealNetworks’ GameHouse is launching a new social gaming platform designed to transform single-player games into connected experiences—and to make it easier for developers to publish games across gaming portals and devices. It’s supposed to be able to “massively” scale for hundreds of millions of players. The first example of GameHouse…

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Posted In: Apps, Entertainment, Gaming, Mobile, Companies, RealNetworks, gamehouse

Rhapsody Adds Offline Listening To Its iPhone App

Apr 26, 2010 12:01 AM

Newly independent Rhapsody is giving its iPhone app some bragging rights with an update that lets subscribers listen to tracks even when they’re not online. Users will now be able to download their Rhapsody playlists to their phones; by June, Rhapsody says it will add functionality so users can download…

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Posted In: Apps, Companies, Apple, iPhone, RealNetworks, rhapsody

Updated: Spinoff Complete, Rhapsody Sings $10 Cross-Platform Tune

Apr 6, 2010 11:10 AM

Less than two months after RealNetworks (NSDQ: RNWK) and MTV Networks (NYSE: VIA) announced plans to spin off the veteran subscription music, Rhapsody is now on its own. It’s a little like a kid graduating from college with uncertain prospects: the college grad still has the same parents but their…

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Posted In: Companies, RealNetworks, Viacom, MTV, rhapsody

RealNetworks Cuts Another Four Percent Of Staff

Mar 31, 2010 6:31 PM

RealNetworks (NSDQ: RNWK)—which is in the midst of a major reorganization—is cutting another four percent of its workforce, or 60 jobs. This is the first round of layoffs at the company since Rob Glaser stepped down as CEO. Interim CEO Bob Kimball is restructuring the company around two of its…

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Posted In: Jobs & Layoffs, Companies, RealNetworks

RealNetworks Offers New Way To Mass Produce Mobile Video Apps

Mar 23, 2010 9:00 AM

RealNetworks (NSDQ: RNWK) is rolling out a new mobile video service that will help entertainment and wireless companies tap into consumers’ increasing demand for watching video on the go. As networks and devices get better, users want to watch news, sports and other video content on their phone. But getting…

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Posted In: Entertainment, Media & Publishing, TV, Mobile, Events, CTIA, Companies, RealNetworks

Former RealNetwork’s CEO Rob Glaser Says For Now Apple Has Won

Mar 10, 2010 7:20 PM

In Rob Glaser’s first public appearance since stepping down as CEO of RealNetworks (NSDQ: RNWK), he implored that it is incumbent upon companies to work together in order for the wireless sector to continue its break-neck pace of innovation. Glaser did not hint at what he might do next, but…

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Posted In: Media & Publishing, Mobile, Companies, Apple, iPhone, Google, Android, Microsoft, RealNetworks, rob glaser

RealNetworks Gives Up On RealDVD; Will Pay Studios $4.5 Million

Mar 3, 2010 6:10 PM

Rob Glaser is still chairman of the board but it looks like the post-Glaser era at RealNetworks (NSDQ: RNWK) is well underway. The latest unraveling: Real is giving up the fight over RealDVD, the software deemed a copyright killer by the studios because it allowed users to store an image…

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Posted In: Entertainment, Movies, DVD, Technologies / Formats, Companies, RealNetworks, disney, realdvd, rob glaser, robert kimball, viacom

RealNetworks Gives Execs Raises, Retention Agreements

Feb 26, 2010 6:04 PM

RealNetworks’ Bob Kimball, who was named acting CEO last month when founder Rob Glaser abruptly stepped down, got a nice salary increase with his promotion, according to the company’s 8-K filing. When Kimball was corporate EVP, he made a $370,000 base salary with a target bonus percentage of 75 percent.…

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Posted In: Entertainment, Music, Money, Companies, RealNetworks, michael eggers, michael lunsford, robert kimball

RealNetworks Rolls Out Some Updates To RealPlayer—And Hints At The Product’s Future

Feb 18, 2010 9:00 AM

RealNetworks (NSDQ: RNWK) is rolling out several small updates to its latest version of RealPlayer that likely signal the future direction of the 15-year-old media player; RealNetworks says that users of RealPlayer SP will now be able to upload videos directly to social networking sites with just a few clicks;…

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Posted In: Technologies / Formats, Companies, RealNetworks

Earnings
RealNetworks’ Kimball: ‘We Must Do Things Differently And We Will’

Feb 11, 2010 5:01 PM

Lots of strong words from RealNetworks (NSDQ: RNWK) interim CEO Bob Kimball during the company’s earnings call. Kimball unveiled a new strategy for RealNetworks which will revolve around two of the company’s businesses—RealPlayer and its software as a service business for carriers. Kimball says that both of those businesses have…

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Posted In: Entertainment, Money, Earnings, Technologies / Formats, Companies, RealNetworks, robert kimball

Earnings
RealNetworks Expects Bigger Sales Drop Ahead

Feb 11, 2010 4:10 PM

RealNetworks (NSDQ: RNWK), which is in the midst of a torrent of structural and management changes, posted a five percent drop in revenue during the quarter. Revenue fell to $145.5 million, while the company posted a net loss of $13.3 million (11 cents per share), an improvement from the company’s…

EPS* Rev. vs Q0408 Net Inc. vs Q0408
Real Networks Release Beat Analysts' Estimates Revenue Indicator 5% Net Income Indicator 94.5%
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Money, Earnings, Companies, RealNetworks

RealNetworks, MTVN To Spin Off Rhapsody; Real Gives Up Control

Feb 9, 2010 4:20 PM

The groundwork has already been laid and now it’s official: RealNetworks (NSDQ: RNWK) is spinning off music service Rhapsody in the hopes of giving both companies a better chance at success. Real will reduce its interest in the Rhapsody America joint venture to below 50 percent to match Viacom’s, giving…

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Posted In: Entertainment, Music, Companies, RealNetworks, Viacom, rhapsody

Spotify Says It Can Multiply U.S. Music Subscriptions Five-Fold

Jan 21, 2010 10:21 AM

Music streaming service Spotify is still yet to launch in the U.S., but it already has big ambitions for revolutionising the market there. Buried in its annual report, in an interview with CEO Daniel Ek, the IFPI industry umbrella says: “In the U.S., Spotify’s goal is to increase the number…

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Posted In: Entertainment, Music, Companies, RealNetworks, spotify

Industry Moves
RealNetworks’ Management Change: Memos From Rob Glaser And Robert Kimball

Jan 13, 2010 4:38 PM

Internal memo from Rob Glaser about him stepping down as CEO of RealNetworks (NSDQ: RNWK) after 16 years, followed by one from the new acting CEO Robert Kimball: From: Rob Glaser Sent: Wednesday, January 13, 2010 1:35 PM To: All RealNetworks Employees Subject: Important Personal News Team, Today we’re announcing…

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Posted In: Industry Moves, Companies, RealNetworks, rob glaser, robert kimball

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

Jan 13, 2010 4:07 PM

A shocker but a move five years too late: Rob Glaser, the founder and CEO of RealNetworks (NSDQ: RNWK), is stepping down as the leader of the company after 16 years. The pioneering online video company has appointed Robert Kimball, who till now was the corp EVP, as president and…

Keep reading for Staci's take; release »

Posted In: Entertainment, Gaming, Music, Companies, RealNetworks, rob glaser, robert kimball

Industry Moves
RealNetworks’ COO John Giamatteo Quietly Resigns

Jan 12, 2010 4:44 PM

RealNetworks’ Chief Operating Officer John Giamatteo will resign effective April 2, the company said today in an SEC filing. No reason was given for his departure, but in a statement, Chairman and CEO Rob Glaser said: “John has been an excellent executive at Real for more than four years. Among…

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Posted In: Industry Moves, Mobile, Social Media, Companies, RealNetworks

RealNetworks Purchases Varia Mobile

Jan 3, 2010 11:17 PM

RealNetworks (NSDQ: RNWK) has made a small acquisition, buying up mobile phone startup Varia Mobile, we have confirmed with the company; TechFlash broke the news earlier today. Varia says its technology “provides immediate publishing, integration and deployment of Web 2.0 desktop services directly to mobile devices.” As an example, it…

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Posted In: Mobile, Money, M&A & Venture Capital, Companies, RealNetworks

Verisign, RealNetworks Arbitration Overturned; Real ‘Not Responsible’ For Any Damages

Dec 8, 2009 4:30 PM

The long-standing legal spat between RealNetworks (NSDQ: RNWK) and VeriSign (NSDQ: VRSN) over a mobile messaging partnership the two companies brokered back in 2001 has been resolved—and not in the way that was originally expected. According to a newly-filed 8K, the original arbitration ruling in VeriSign’s favor has been overturned,…

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Posted In: Legal, Mobile, Companies, RealNetworks, verisign

MTVN And RealNetworks Talking On Reorg of Rhapsody Music JV; Could Include Spinoff/Sale

Nov 19, 2009 5:52 PM

This is not a surprise considering the continued decline of Rhapsody music service in the face of lots of new competition and the general malaise in the digital music market: MTV Networks (NYSE: VIA) and RealNetworks (NSDQ: RNWK) are talking about restructuring their Rhapsody America music JV, according to an…

full filing text and the original JV agreement »

Posted In: Entertainment, Music, Companies, RealNetworks, Viacom, MTV

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