(CelebrityAccess MediaWire) — RealNetworks, Inc. now has more than 1 million subscribers to its premium subscription music services, including its Rhapsody service and commercial-free Internet radio services. "We've now crossed a critical mass milestone in digital music," said Rob Glaser, chairman and CEO of RealNetworks. "By offering consumers the best way to get unlimited legal access to digital music, we have the #1 digital music subscription business in America. Now, we're accelerating our growth by working with partners such as Comcast to make it really easy for consumers to get Rhapsody in entirely new ways."
RealNetworks total revenue for the first quarter of 2005 was approximately $76.6 million. This compares to the company's previous first quarter revenue guidance of $73 million to $74.5 million and represents an approximately 27% increase from $60.4 million in total revenue for the first quarter of 2004. This result also represents a record quarter of revenue for RealNetworks.
RealNetworks will hold a press conference to unveil a revolutionary new initiative in digital music and a free concert featuring multi-platinum recording artists Good Charlotte at Radio City Music Hall in New York on April 26. –Bob Grossweiner and Jane Cohen