software for the Internet.
2601 Elliott Avenue
Bellevue, WA 98121
CEO: Robert Glaser
Stock symbol: RNWK
RealNetworks is a leading creator of digital
media services and software, such as Rhapsody, RealArcade and
RealPlayer. Consumers use our services and software to find,
play, purchase and manage free and premium digital content, including
music, games and video. Broadcasters, network operators, media
companies and enterprises use our products and services to create
and deliver digital media to PCs, mobile phones and other consumer
In 2006, RealNetworks reported record revenue
of $395.3 million and net income of $145.2 million, which included
a settlement from Microsoft to settle antitrust legislation.
In June 2007, Real acquired Exomi, a provider
of mobile software and services for a total upfront cash payment
of approximately $11 million, and a commitment to make additional
contingent cash payments of up to an aggregate of approximately
$5 million if certain financial performance targets are met over
the next three-year period. Headquartered in Helsinki, Finland,
Exomi provides the messaging and WAP (Wireless Application Protocol)
gateways that are necessary for mobile carriers to deliver mobile
entertainment services such as Music on Demand, Video on Demand,
Ringback Tones, Games and other services to the mobile handset.
The company was founded by Robert Glaser,
a former Microsoft executive, in Feb. 1994 as Progressive Networks.
It invented and released the RealPlayer and RealAudio software
in 1995 to allow users to watch and listen to content online
just as the growth in the Internet exploded. The company changed
its name to RealNetworks in 1997 and went public that year.
The company has been involved for several
years in antitrust litigation against Microsoft, accusing the
software giant of trying to muscle out its software with Windows
In 2000, RealNetworks began offering premium
content online directly to consumers in a subscription service.
In 2003, RealNetworks purchased Listen.com and built the Rhapsody
Updated August 1, 2007