Tag - RealNetworks
RealNetworks has announced today that RealPlayer Cloud is now available for international users. RealPlayer Cloud provides users with 2GB of free cloud storage space, with additional storage available through subscription plans starting at $5 per month for 25GB of data. The app offers users moving, watching and sharing of videos with any user on any device, across platforms, supporting a wide variety of video formats.
RealNetworks has launched its own cloud storage app specializing in video. RealPlayer Cloud for iOS, Android, computers, and Roku will allow users to store video files online, with the new app able to stream or download videos from the storage, automatically reformatting the video to match the device and the available connection speed.
Sorenson Media today announced a strategic partnership with RealNetworks to provide a complete solution to encode, manage and deliver online video content. The partnership offers jointly-bundled products as well as single-purchase capability from either vendor, and the two companies are actively exploring further integration and collaborative development of new offerings.
Digital media streaming vanguard RealNetworks has commenced layoffs of seven percent of its workforce. An additional seven percent may follow in the coming months. The moves are part of interim CEO Rob Glaser's plan to reduce costs by $45 million as rapidly as possible. The first wave of employees involved in the layoffs were notified today, and the second batch have been notified that their current positions will not be renewed at the completion of work, and they may be reassigned elsewhere if financial conditions improve.
RealNetworks has amicably parted ways with CEO Thomas Nielsen after less than a yearless than a year of service in the position. Both Nielsen and the board of directors agreed that the position wasn't the right fit for the executive. Rob Glaser has been appointed interim CEO of the streaming media company, effective immediately.
Online media company RealNetworks has settled a lawsuit brought by the Washington State Attorney General regarding the company's practice of charging some users for services they did not want. MSNBC reports that, over the course of seven years, more than 500 people complained to the Better Business Bureau about RealNetworks' practices. As a result of the settlement, RealNetworks will establish a $2 million compensation fund for subscribers who were overcharged between January 1, 2007 and December 31, 2009.
Intel and RealNetworks made a crucial deal for video technology on Thursday. The semiconductor firm has paid $120 million to get a "significant" 190 of RealNetworks' patents. In exchange, Intel has agreed to team with RealNetworks to co-develop the latter's signature video codecs and will take on seven codec developers from its partner in the process.
RealNetworks on Tuesday named Thomas Nielsen as its new CEO. Neilsen headed Adobe's Digital Imaging business unit that included the Photoshop, Photoshop and Premiere Elements, and Lightroom apps. Neilsen is assuming the permanent position that had been left open by the sudden departure of Bob Kimball earlier this year.
The US Supreme Court late Monday rejected ASCAP's attempt to claim that song downloads are public performances. Its verdict upheld an earlier appeal ruling without added comment. The earlier, federal-level judge pointed to basic logic for support, contending that a digital recording isn't necessarily being played live to a wide audience just because it had been transferred over the Internet.
Rhapsody shook up online music Monday by buying Napster. The deal will put the two streaming and download music services together. Cash involved in the deal wasn't mentioned, but Napster's now former owner, Best Buy, will have a minority stake in the combined service.