Conference Call Details on RealNetworks’ Acquisition of Listen.com

Music subscriptions service have been tough net to crack, according to Rob Glaser, CEO of RealNetworks. “However, we believe we are approaching a tipping point. Listen.com has invested $100 million since it was started…We will continue our commitment to MusicNet.”

Sean Ryan, CEO of Listen.com: “We had a number of options on the table, and this was by far the best. We will bring Rhapsody to mobile service.”

Brian Turner, CFO: “Listen has tens of thousands of subscribers, and we will leave it at that.”

Glaser on competition with MusicNet: “It is a doubling down of our commitment. MusicNet is more a B2B service marketed to third parties. Now the market is more vibrant.”

Glaser on Listen.com’s ISP partners and the possibility of upselling them its own services: “What we are seeing in discussion with these broadband ISPs is that they like the notion of being able to start with one particular category and then moving to others. What you will see is that we will offer a menu of services to broadband providers as well as offering them infrastructure technologies.”

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