RealNetworks shares down after Microsoft and MTV announcement

By Derek Sooman on December 15, 2005, 7:05 PM
Amid news that Microsoft Corp. and MTV Networks would roll out an online music service early next year, RealNetworks Inc. shares dropped more than 4 percent in trading on Wednesday. The service will directly compete with RealNetworks' music offerings, so itís not a great day for Real.

The venture between Viacom Inc.'s MTV and Microsoft, called URGE, is expected to roll out next year and will incorporate Microsoft's Windows Media Player, and will sell 2 million tracks individually, or as part of a subscription package. URGE is also expected to roll out an online radio service, as well.




User Comments: 4

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MarkSizzle said:
This nearly proves my comment earlier on the "RealNetworks launches RealMusic" article. I still like the idea they have but price wise they are not there and now their stocks are dropping. Now all thats left for Microsoft to seal the deal on beating out RealNetworks is the pricing for their service. If its a better price then Microsoft just might beat out not just RealNetworks but maybe Itunes also? Just something to think about.
mentaljedi said:
[b]Originally posted by MarkSizzle:[/b][quote]This nearly proves my comment earlier on the "RealNetworks launches RealMusic" article. I still like the idea they have but price wise they are not there and now their stocks are dropping. Now all thats left for Microsoft to seal the deal on beating out RealNetworks is the pricing for their service. If its a better price then Microsoft just might beat out not just RealNetworks but maybe Itunes also? Just something to think about.[/quote]I doubt that Microsoft will beatItunes so easily.Perhpas in the future years but not soon. As for RealNetworks? R.I.P.
blue_dragon said:
HMM I always have enjoy Realplayer but the free versionIts good for the consumer because REAL Networks will have to come out with some new way of supporting its business which will be cheaper for the consumer
jomondo said:
I never really liked the Real Player App. Why pay for what Microsoft provides for free with a lot more content on the web to choose from. As far as Quality. I like QuickTime.
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