RealNetworks has posted its third-quarter financial results. The company included information about its Napster music streaming subsidiary, which generated quarterly revenue of $27.3 million, down 21.6% from $34.8 million in the year-ago period. Continue Reading
Rhapsody posted a net loss of $7.97 million in the third quarter, according to the financial results filed by main investor RealNetworks. The streaming platform generated record-high revenue of $44.1 million, up 25% from the previous year’s figures. In the second quarter, Rhapsody’s net loss was about $4.7 million. Continue Reading
Music service Rhapsody’s net revenue and gross profit declined in two year-over-year measurements, according to an SEC filing by joint-venture partner and former parent company RealNetworks. Net loss also deepened in both timeline comparisons. Rhapsody separated from its subsidiary relationship… Continue Reading