Sony gains 1% of RealNetworks in strategic alliance
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."
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» RealNetworks And Sony Corporation Announce Strategic Alliance For Digital Content Distribution