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Real completes acquisition of Listen.com

RealNetworks also announced that RHAPSODY delivered more than 12.4 million on-demand songs to its subscribers in July, a 13% increase over June, underscoring continued growth in consumer usage ofRHAPSODY since RealNetworks launched RealOne RHAPSODY in May.

“We’re delighted to be completing the acquisition of Listen.com today,” said Rob Glaser, CEO, RealNetworks, Inc. “We’re especially pleased that we’re bringing in both Listen.com’s best-of breed RHAPSODY digital music service and the world-class team that has been building RHAPSODY for 4 years. By combining RHAPSODY with other major digital music assets, such as our popular Internet radio and jukebox products, we are poised to create the most compelling digital music experience in the world.”

“By joining with RealNetworks we are poised to take our business to the next level,” said Sean Ryan, vice president of Music Services, RealNetworks, Inc. (former chief executive officer of Listen.com.) “In addition to RealNetworks’ world class technology, RealNetworks’ broad Internet distribution fits perfectly with our existing distribution partners such as broadband operators. The continued rapid growth of RHAPSODY shows that we are absolutely on the right path.”

RHAPSODY offers consumers unlimited, ‘all you can eat’ access to the broadest library of major and independent label music with more than 350,000 tracks available for on-demand listening and more than 240,000 songs available for transferring to CD, a.k.a. ‘burning.’ At only 79¢ for any track, RHAPSODY offers subscribers the lowest per-burn price available to U.S. consumers through any of the new generation of digital music services. In addition to burning full albums or custom mix CDs, RHAPSODY subscribers can build their own custom Internet radio stations, listen to professionally programmed stations, and browse extensive music information and editorial recommendations.

With this acquisition, RealNetworks now owns two of the Internet’s best subscription content services, the critically acclaimed and market-leading RealOneâ„¢ SuperPass, which offers leading news, sports and entertainment programming, and the RHAPSODY music service. RealNetworks has more than 1 million customers of its paid content subscription services.

RHAPSODY is available as RealOne RHAPSODY via RealNetworks, with a 14-day free trial, for $9.95 a month at http://www.real.com/. RHAPSODY is also distributed to consumers through co-branded versions of the service by: Audiogalaxy, Cablevision Systems Corporation’s Optimum Online®, Charter Communications, Down Beat, Gateway, JamBase.com, Lycos, RCN Corporation, Time Warner Cable’s Road Runner high-speed ISP, Sony’s Musiclub, Speakeasy, Sprint, and Verizon Online.

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