RealNetworks

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RealNetworks
Company typePublic
IndustryComputer software
Founded1993
HeadquartersSeattle, Washington
Key people
Rob Glaser, Chairman/CEO
Roy Goodman, Senior VP/CFO
ProductsRealPlayer
RealPlayer Music Store
RealArcade
RealRhapsody
Revenue$266.7 million USD (2004)
Number of employees
744 (2003)
Websitewww.RealNetworks.com

RealNetworks NasdaqRNWK is a Seattle-based provider of Internet media delivery software and services. The company is best known for the creation of RealAudio, a compressed audio format, and RealVideo, a compressed video format, and for its leadership in the field of streaming media.

RealMedia audio streaming files can contain RealAudio and RealVideo streams, and several other formats like SMIL. Helix is their open source media framework. The code is released under the RealNetworks Public Source License starting in 2003 and the GPL in 2004.

Music Store

In August 2003, Real acquired Listen.com's Rhapsody music service, and renames it RealRhapsody. It offers streaming music downloads for a monthly fee. In January 2004, Real announced that they are creating RealPlayer Music Store, featuring DRM-protected music in the AAC file format. After some initial tries to push their own DRM scheme (named Helix DRM) onto all device manufacturers with the Creative Zen Xtra as the only existing compliant device, they sparked controversy by introducing a technology called Harmony that allowed their music to play on iPods as well as Microsoft Windows Media Audio DRM-equipped devices using a "wrapper" that would convert Helix DRM into the two other target DRM schemes.

History

RealNetworks (then known as Progressive Networks) was founded by ex-Microsoft executive Rob Glaser in 1993. The original goal of the company was to provide a distribution channel for politically progressive content. It quickly evolved into a technology venture to leverage the Internet as an alternative distribution medium for audio broadcasts.

Company timeline: