MTV Networks and RealNetworks Spinning Off Rhapsody America

Feb 10, 2010  •  Post A Comment

Viacom’s MTV Networks and RealNetworks will spin off their digital-music subscription joint venture Rhapsody America, Multichannel News reports.

RealNetworks currently has a 51 percent stake and operating control of the venture. It was founded in 2007 and had 700,000 subscribers as of Sept. 30, down 100,000 subscribers from the first quarter 2009 figure.

–Elizabeth Jensen

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