RealNetworks Licenses Intel Software to Boost RealSystem
Page 1 of 1
In a bid to improve the delivery of video via the World Wide Web, Intel Corp. and RealNetworks Inc. announced today that RealNetworks will license and incorporate Intel's Streaming Web Video technology into the RealNetworks RealSystem G2.
Rob Glaser, RealNetworks' chairman and CEO, and Pat Gelsinger, Intel vice president and general manager of the Business Platform Group, formally announced the licensing deal this afternoon in a press conference at the Intel Developer Forum.
In addition, Intel said it will work with RealNetworks to co-promote and co-market the new technology to Web media authors.
Glaser declined to reveal the financial terms of the alliance during the press conference, adding that the companies were not prepared to comment on the structure of the agreement.
The company added that earlier encoding processes required as many as three or four computers to encode live video, whereas the new technology used with RealSystem G2 SureStream creates a single file that scales from 5 Kbps to 1 Mbps in real-time on a 400 Mhz Pentium II processor-based system.
Glaser said RealNetworks currently has over one million players downloaded from the company site each week, and he expects that number to surge with the addition of the Intel technology. The next beta release is slated for release within 30 days while shipping versions of RealSystem 5.0 and the beta 1 release of RealSystem G2 are available at the site.
When asked to comment on dealings with rival Microsoft, both Glaser and Gelsinger were tight lipped, saying that while each company will continue to work with Microsoft, they were not willing to discuss specifics.
Wall Street reacted positively to today's news; shares of RealNetworks jumped more than 30% at one point during the trading day. In late afternoon activity, RealNetworks (NASDAQ:RNWK) was trading at 24 7/16, up 4 13/16.