Viacom's MTV Networks owns part of the Rhapsody music service, which is a prime example of a successful music subscription service for those who advocate the model in the digital music distribution business. The model has the support of major music companies but is struggling to take a hold on consumers who prefer to own their music - or at least think they own it.
Additionally, a failed partnership with telecom company Comcast lost the company a gigantic 1.1 million radio subscribers. The tally fell from 1.2 million to just 75,000 after Comcast discontinued the service. RealNetworks revenue for the second quarter fell by 11 percent to $135.7 million, according to the company.
Written by: James Delahunty @ 8 Aug 2009 6:29