Real sells 3m tracks at a loss
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Media software firm RealNetworks says it sold more than three million tracks thanks to an aggressive three-week price promotion in the US.
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NEW YORK - This is how serious the competition for digital music customers has become: RealNetworks will widen its losses in the hope of upgrading users to its premium subscription service.
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RealNetworks Inc. is ending a temporary promotion that slashed the price of its downloadable songs to 49 cents, but bargain hunters will still be able to find some deals at its online music store.
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EVP loses his E BEA Systems will restate almost a decade's worth of earnings to the tune of nearly $400m thanks to misallocation of stock to employees.â¦
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The homebuilder lost $787.9 million in the third quarter, hurt by a hefty impairment charge, as its land lost value amid flagging demand for real estate.
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RealNetworks halves the price of music downloads in an aggressive attempt to boost its share of the online music market.
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The online brokerage said that it sold $3 billion of mortgage-backed securities and municipal bonds, with a modest realized loss of $5 million.
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RealNetworks plans to acquire South Korean mobile entertainment provider WiderThan Co. in a cash deal worth around $350 million.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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They didnât make this announcement with quite as much fanfare as when they cut their price per download at their online music store to just 49 cents, but RealNetworks is ending that half-price âFreedom of Choiceâ promotion theyâve been running for
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Shares in the retailer (UK:HMV: news, chart, profile) were last up 3 percent to 253.5 pence in London trade. HMV said it will invest around 10 million pounds to launch and market the online digital music store
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RealNetworks will end its three-week &quot;Freedom of Choice&quot; online music promotion this week. Over 3 million songs were purchased during the sale, the company says.
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Napster Inc. said Thursday it narrowed a loss in its fiscal third quarter as the online music retailer added subscribers and generated record revenue.
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RMC, the troubled UK building materials group, was swallowed up for Â£2.3bn yesterday by the world&#39;s third-biggest cement producer, Cemex of Mexico.
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An old-fashioned price war is gearing up in the digital music download business, with RealNetworks (Quote, Chart) on the offensive. With rival Apple in its crosshairs, RealNetworks has slashed the price on songs sold from its RealPlayer store by 50 ...
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Company claims one million songs sold since prices were cut.
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3M Co  said on Tuesday  fourth-quarter earnings fell as last year's results included a  gain for selling a business.
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Company posts big loss amid a variety of problems that are "self-induced." It also expects an operating loss for the current quarter, which includes the holiday selling season.