RealNetworks today posted profits of $81 million for the second quarter, thanks to its sale of a large patent portfolio to Intel Corp., but the digital media pioneer signaled deep cuts ahead as it tries, once again, to rebuild its business. The company plans to cut some $45 million in annual operating expenses, said RealNetworks chairman… Read More…
Matt Hulett, a self-described “late-bloomer” in the tech space, started out shrink-wrapping software in the 80s and is now leading RealNetworks’ GameHouse unit into the future of gaming. It’s no surprise he ended up here. Hulett, a former executive at Mpire and Atom Entertainment who returned to RealNetworks two years ago, has a history of rising… Read More…
Just two weeks after RealNetworks reinserted founder Rob Glaser as interim CEO, more changes are coming to the Seattle technology company. Today, Real announced that John Cunningham, a Seattle angel investor who runs Clear Fir Partners, has joined the board. “John brings broad experience and knowledge across the digital landscape to our board,” said Glaser… Read More…
Thomas Nielsen has resigned as RealNetworks CEO after seven months in the job, and founder Rob Glaser has been appointed by the board to fill the position on an interim basis, returning temporarily to a position that he held for more than 15 years. “The board and Thomas mutually agreed that the CEO position wasn’t… Read More…
Seattle’s tech industry may be known for heavyweights such as Amazon.com and Microsoft. But the DNA of another company has had a surprising impact on the Seattle startup ecosystem, populating dozens of new ventures and producing some of the region’s most notable entrepreneurial success stories. That company is RealNetworks. OK, I know what you’re thinking. RealNetworks?… Read More…
Keela Robison is returning to her roots. After stints at Amazon.com and WhitePages, Robison is returning to RealNetworks’ and its GameHouse unit. Robison, who will serve as vice president of operations, will oversee the unit’s mobile and downloadable games business. She worked at RealNetworks as a general manager from 1998 to 2004 before moving on… Read More…
The best comments, quotes, and random zingers we heard this week… “Feature request: Deduct points … when phone is thrown across room.”– GeekWire reader Jay Force commenting on Kouply, a new mobile app that awards points to couples for positive behavior, such as cleaning the dishes or vacuuming the car. “Hi my name is Ashwin and I’m… Read More…
RealNetworks has settled a suit brought by Washington state Attorney General Rob McKenna over unwanted charges that consumers received on credit card bills related subscriptions for TV and sports programming as well as games, according to the AP. The Better Business Bureau received more than 500 complaints from across the country about the practices. It… Read More…
RealNetworks today posted first-quarter revenue of $67 million, a decline of 23 percent, with a quarterly loss of $17 million — slipping further into the red as all of its three major divisions saw their sales decline. Despite the result, RealNetworks CEO Thomas Nielsen, who took over last year, expressed confidence in the company’s prospects… Read More…
Kal Raman, the former Amazon.com and drugstore.com executive who stepped down as CEO of Bellevue-based GlobalScholar last September, has been named senior vice president of Groupon overseeing operations in ten countries in North and South America. “Kal brings e-commerce and operational experience to Groupon which will benefit our customers and our merchants as we set out to… Read More…
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