Feeds

RealNetworks buys Xing MP3 technology

Encoding, streaming specialist snapped up for $75 million

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

RealNetworks has bought MP3 software developer Xing Technology for up to $75 million worth or RealNetworks stock. The deal gives Real access to Xing's MP3 AudioCatalyst encoding and decoding software and StreamWorks streaming MP3 application, all of which it will use to extend its RealPlayer application to support the MPEG-based format. "With the acquisition of Xing, RealNetworks can now better serve the huge market of new artists choosing to use MP3 to legally distribute their work," said Real's CEO, Rob Glaser. The important part of the sentence is the phrase 'legally distribute'. RealNetworks clearly wants to stay on the right side of the Recording Industry Association of America and its Secure Digital Music Initiative (SDMI), yet it's equally certain that the company reckons that MP3 is going to continue to play an important role in the online music world, whatever specification the SDMI comes up with. Otherwise why not simply wait for the SDMI to issue its final report, which it's due to do later this year, and incorporate that? It's somewhat ironic that Real has chosen to buy an MP3 software company since it always hoped that its own RealAudio format would become the de facto standard for music streamed or downloaded via the Internet. It's a sign, perhaps, of how out of touch RealNetworks has been that it's only now that it has come to consider MP3 a force in what is arguably one of its core markets, and that it feels it lacks the internal resources to add MP3 delivery to RealPlayer. $75 million is, after all, rather a lot to pay for encoding and decoding software based on an open compression standard. Still, since Real is funding the deal with a new share issue, it won't in fact cost it anything. And, to be fair, Xing does come with much expertise in MPEG video transmission and streaming, both core technologies for Real. ® See also RealNetworks backs IBM digital music system a2b unveils latest digital music player, format

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.