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Sony gains 1% of RealNetworks in strategic alliance
By Jon Newton, p2pnet.net
(more articles from this author)
2002-05-03
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Music Industry News - as it happens
Source: Mi2N - May 1, 2002

Compacts between major electronics conglomerates and smaller companies with a presence in the digital media arena are coming thick and fast, and one of the latest is between Sony Corp and RealNetworks who say they now have a strategic alliance agreement to allow them to, "further collaborate on the deployment of various distribution and digital content software technologies to a wide range of Sony's industry leading digital devices."

Sony has also agreed to buy a minority stake of about 1% in RealNetworks.

The agreement, "establishes a framework of regular product and business reviews for both companies to increase their collaboration on a number of initiatives including the further integration of Sony's ATRAC3 technology into RealNetworks' products, the adoption of RealNetworks' products into a wide variety of Sony's networked CE devices, and the enhancement of the compatibility of RealNetworks' software such as RealOne with Sony's portable audio players and OpenMG devices such as NetMD," the two companies say.

"In addition, consideration will be given to incorporating Sony's OpenMG technology into RealNetworks digital content distribution solution for digital music distribution and digital video distribution services. Sony plans to adopt these combined digital distribution solutions in a variety of networked CE products such as Sony's networked audio products and Sony Computer Entertainment's PlayStation2 computer entertainment system."

Related News from Mi2N:
» RealNetworks And Sony Corporation Announce Strategic Alliance For Digital Content Distribution


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