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RealNetworks "Rhapsody America" coming to a TiVo box near you.

1012 Views 2 Replies 3 Participants Last post by  d_anders
RealNetworks Rises Following Upgrade
Friday August 31, 10:59 am ET
RealNetworks Rises After Analyst Upgrades on Strong Fundamentals, Deals With Viacom Units

NEW YORK (AP) -- Shares of RealNetworks Inc. rose on Friday after a Pacific Crest analyst upgraded the stock, citing strong fundamentals and recent agreements with companies like Viacom Inc.'s MTV Networks and Verizon Wireless.
The Rhapsody music service operator's shares added 28 cents, or 4.7 percent, to $6.24 in morning trading. During the past year, RealNetworks stock has traded between $5.45 and $12.08.

Last Tuesday, RealNetworks and MTV said they would form a new online music service called Rhapsody America, which will compete against Apple Inc.'s iTunes Store by offering music that users can access via personal computers and portable music players. Through a deal with Verizon Wireless, Verizon customers with access to Verizon's V CAST Music service will also be able to download songs to their cell phones from the new service.

In a Friday client note, Pacific Crest analyst Derrick Wood wrote a recent share sell-off plus the new deals create a good time to buy RealNetworks shares. The stock is down about 25 percent since early July.

Wood lifted the company's rating to "Buy" from "Neutral."

Wood said RealNetworks will benefit from an expected $230 million for marketing it will get from Viacom over the next five years related to the MTV deal, the Verizon alliance and an upcoming move to integrate Rhapsody with new set-top boxes from TiVo Inc.

"Along with continued traction in growing music revenue via device partners, we believe this should help bring Rhapsody from a niche market into mainstream adoption," he wrote.
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Rhapsody for TiVo was announced what, almost two years ago? What we have here is an annoucement that they're still planning to do it with no date. When it shows up on my TiVo, I will believe it. Not one second before.
Thanks for posting the news.

I've posted this thread link on the main Rhapsody and TiVo thread below. Request that any conversation continue there...there is a group of us that are interested in this just like you.

Anyone on the Rhapsody and Tivo thread and click on this to get back to it.

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