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Industry: Email Alert RSS FeedRealNetworks, a budding power hitter: baseball helps company grow profile as Internet content provider. (Internet).(online subscription broadcasting )
Video Business, February, 2003 by Dunphy, Laura
With a slate of initiatives to expand its presence in the Internet video arena, Web content delivery company RealNerwotks Inc. is attempting to prove that online subscription broadcasting is a viable money-maker. RealNetworks last week repotted that its fiscal 2002 revenue dipped 3% to $182.7 million, but its net loss narrowed to $38.4 million from red ink of $74.8 million in 2001.
A slate of programming deals helped the company, best known for its RealPlayer software, produce a smaller loss than was expected and boost its profile as a content provider. "Broadband will continue to grow and become more widely available," said Rob Glaser, RealNetworks' CEO. "Over time, digital devices will become more prominent so that people can watch and listen...
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