RealNetworks Extends Sony Deal, Airs Earnings Shortfall
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NEW YORK -- RealNetworks Wednesday built on the new strategic direction it forged with long-time partner Sony in May to push digital audio technology in the consumer electronics market.
At TechXNY/PC Expo Wednesday, RealNetworks said it would release a Sony Music Device plug-in for the RealOne Player, allowing Sony customers to transfer their digital music to Sony devices like the Net MD Walkman and Network Walkman.
RealNetworks plans to make the plug-in available on July 8, and said it will promote the Net MD product line across its family of Web sites.
"For the millions of consumers who use Sony's growing family of music players such as Net MD Walkman, Network Walkman, and VAIO personal computers, the RealOne Player provides considerable benefits for managing and transferring digital content," said Keiji Kimura, corporate senior vice president of Sony Corporation.
The company blamed the shortfall on soft systems software business this quarter, due to some corporations reducing or delaying their information technology spending.
"While we are disappointed with the expected results of our systems business, they reflect a trend that several others in the industry are seeing as well," stated Rob Glaser, chairman and CEO.