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Real, Microsoft reach truce | |
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| Time: 13:50 EST/18:50 GMT | News Source: CNET | Posted By: John Quigley | ||
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Microsoft and RealNetworks announced a sweeping deal on Tuesday that puts aside their legal differences and aims to shore up their respective digital music strategies. Under the deal, Microsoft will pay $460 million in cash to RealNetworks to settle antitrust claims. It will also pay $301 million in cash to support Real's music and games efforts and Microsoft will promote Real's Rhapsody subscription music service on MSN. Microsoft can earn credits toward that $301 million by signing up subscribers via MSN. "Today we're closing one chapter and opening a new one in our relationship with Microsoft," RealNetworks CEO Rob Glaser said in a statement. "The legal chapter is being closed with an appropriate and fair outcome that sets the stage for a very productive and collaborative relationship between our companies." | ||
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| #1 By 2960 (68.101.39.180) at 10/11/2005 2:44:26 PM |
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This would be the "Kill iTunes" pact.
TL |
| #2 By 9589 (66.56.129.233) at 10/11/2005 3:30:11 PM |
| Another company gets away with fleecing Microsoft because our government's bogus lawsuit charging with them being a monopoly. Nevertheless, this gives RealNetworks a second chance at offering a product that people will actually buy (they have had five straight years of losses). If they are as successful as Sun Microsystems (four straight years of losses) has been with their Microsoft gift, their demise has only been forestalled. To think that either one of these two companies' products competed with Microsoft's is laughable in the extreme. Meanwhile, RealNetworks' product remains intrusive crap. |
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