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Real buys Listen.com

22 April 2003 14:45 by Petteri "dRD" Pyyny | 1 comment

Real buys Listen.com RealNetworks has agreed to buy the only (semi-)independent online music subscription service provider, Listen.com, for about $36 million in cash and stock (of which $17.1 million is in cash). Real already owned a minority stake of the privately held company.

Real plans to bring the Listen.com's subscription service, Rhapsody, closer to its own subscription service, RealOne. However, the deal will most likely cause major shockwaves among the record labels, since Real has been -- and still is -- a big shareholder in Rhapsody's competitor, MusicNet, that is much more openly backed by major record labels (AOL TimeWarner, BMG and EMI). It also underscores partially the widening gap between AOL TimeWarner, whose online division AOL has started moving away from Real's server products and streaming solutions, and RealNetworks.

Source: News.com

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Related articles:

  • AOL and Real extend their partnership (10 October 2003)
  • MusicNet goes Windows Media (12 June 2003)
  • FullAudio signs a deal with Sony (27 March 2003)
  • Sony invests in MusicNet (2 March 2003)
  • Real invests in Listen.com (26 February 2003)
  • Pressplay now offers music from all five major labels (14 November 2002)
  • Rhapsody to allow users burn BMG tracks to CD (4 November 2002)
  • Listen.com signs yet another broadband ISP deal (5 September 2002)
  • Listen.com signs a deal with fifth major record label (2 July 2002)
  • Terra Lycos launches co-branded Rhapsody (11 June 2002)
  • FullAudio launches subscription service (17 April 2002)
  • Listen.com signs a deal with AOL TimeWarner (25 February 2002)
  • Listen.com signs licensing deals with BMG, EMI and Sony (14 January 2002)
  • Listen.com launched its subscription service (4 December 2001)
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    dvdrob (Newbie) 23 April 2003 20:12 Send private message to this user   
    pay for mp3's, need to get used to that.
    http://www.burningbits.com
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