Digital media company RealNetworks Inc forecasts first-quarter and full-year 2008 revenue below Wall Street expectations partly due to slower growth in its Rhapsody America music business. For the full year, RealNetworks expected an adjusted loss of between 9 cents per share and 4 cents per share, on revenue of between $612 million and $632 million. Fourth-quarter revenue rose 25 percent to nearly $157 million from $125.6 million a year ago, beating analyst estimates of $155.3 million, driven by strength in its online games business. (Billboard)
Showing posts with label Rhapsody. Show all posts
Showing posts with label Rhapsody. Show all posts
February 12, 2008
February 4, 2008
Yahoo! Music switches to Rhapsody-run service
Yahoo! is closing down its subscription Yahoo! Music service and has signed a deal with Rhapsody for it to take over the online giant's music offerings. Silicon Valley Insider estimates the Yahoo! unit may be worth between USD66m and USD110m. The deal comes at the same time as Yahoo! is expected to announce its rumoured acquisition of plug-in music app, FoxyTunes. (StrategyEye, Forbes, Billboard)
Libellés : Digital Music, RealNetworks, Rhapsody, Subscription, Yahoo
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