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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: MrThesp who wrote (34050)	4/29/1999 12:15:00 AM
From: kathyh	Read Replies (2) of 90042

what about rnwk... we are going to make a big announcement on monday??? RealNetworks plans major announcements By Bloomberg News Special to CNET News.com April 28, 1999, 6:25 p.m. PT SEATTLE--RealNetworks said that it and a variety of partners will make a "significant series" of announcements on Monday. RealNetworks chairman Rob Glaser and other executives will host the news conference. A RealNetworks spokeswoman declined to give details. The streaming media company is facing growing competition from Microsoft, which today announced the creation of a streaming media division and earlier this month pushed into online music. Two weeks ago RealNetworks agreed to acquire closely held Xing Technology to expand its online-music activities. RealNetworks has about 85 percent of the streaming media market, while Microsoft has about 10 percent. The worldwide streaming-media market could soar to $60 billion in 2003 from $12.6 billion last year, said Christine Perey of Perey Research and Consulting. Video conferencing has accounted for much of the market to date, while entertainment and communications are expected to drive future growth, she said.

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