RealNetworks and Viacom to spin off Rhapsody music service

February 10, 2010 by admin
Filed under: Uncategorized 
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RealNetworks and Viacom have announced that Rhapsody, their joint venture into the foray of digital music, will be spun off into an independent company.
RealNetworks currently holds a 51% stake in the joint venture, with Viacom in possession of the remainder. RealNetworks will pay $18 million, the Rhapsody brand name, and certain…



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