Anonymous (not verified) - April 30th, 2002
Reprinted from a RealNetworks press release:
SEATTLE, April 30, 2002 - RealNetworks, Inc. (Headquarters: Seattle, USA) and Sony Corporation (Headquarters: Tokyo, Japan) today announced a strategic alliance agreement. In addition, Sony has also agreed to purchase a minority stake of about 1% in RealNetworks. These new agreements will enable the two companies 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.
Today's announcement builds on a more than two-year relationship between the two companies. Since a joint announcement at Winter CES 2000, RealNetworks and Sony Corporation have cooperated to integrate Sony technologies such as ATRAC3 sound compression format and OpenMG copyright protection technology with various RealNetworks' products including RealPlayer and RealJukebox and to promote the combined products to PC users, and to distribute the combined products with Sony hardware products. Today's announcement represents an extension of this existing technical relationship reflecting the rapid expansion in network distribution of digital audio and video content to personal computers and a new generation of networked consumer electronics products. Both companies are committed to working together to deploy easy-to-use solutions that will encourage the expansion of digital distribution business opportunities.