Its Games segment includes in-game virtual goods, mobile games, games subscription services, and in-game advertising and advertising on game sites.
#Realnetworks inc realtimes software#
Its Mobile Services provide software as a service (SaaS) solution.
Its Consumer Media includes licensing of its codec technology and PC-based RealPlayer products. It operates through three segments: Consumer Media, Mobile Services and Games. It has developed products that employ artificial intelligence and machine learning. provides digital media software and services to consumers, mobile carriers, device manufacturers, system integrators, and other businesses. CEO Rob Glaser stated, "The proceeds of the sale strengthen Real's balance sheet and enable us to focus on even more deeply on our primary growth initiatives which consist of two machine-learning-based businesses, SAFR and Kontxt, and our GameHouse casual gaming business.RealNetworks, Inc. The value of the deal is $70.6 million comprised of $15 million in cash, $11.6 million in MelodyVR restricted stock and assumption of Napster liabilities of $44 million. 5, 2021, RealNetworks announced the completion of the sale of Rhapsody International Inc. CEO Glaser updated new opportunities for its SAFR product, "For instance, the Tijuana International Airport Cross Border Xpress or CBX recently chose SAFR to track mask compliance and gather critical operations data within the terminal to optimize operations and improve passenger flow." The Company continues to execute on two SBIR contracts awarded in Q2 by the U.S. SAFR applications range from authentication, digital and physical security, healthcare to industrial uses. Remark Holdings (NASDAQ: MARK) is one such competitor. The computer vision platform is touted as 99.9% accurate in performing multiple facial recognition in the time it takes competitors to complete one. RealNetworks AI-powered biometric facial recognition platform SAFR works in real-time able to verify identities regardless of face masks and during live video. MelodyVR will assume approximately $44 million of Napster's liabilities. The Company signed a definitive agreement to sell Napster to MelodyVR for a total transaction value of $70 million. The Company ended the quarter with $13.2 million in cash and cash equivalents. The Company reported an earnings-per-share (EPS) loss of (-$0.08) on revenues of $16.6 million versus $17.7 million in the year ago period. 3, 2020, RealNetworks released its fiscal third-quarter 2020 results for the quarter ending September 2020. Related: When Is Your $1,400 Stimulus Check Coming? Prudent investors seeking a relatively cheap entry into a legacy turnaround play in this space can monitor shares for opportunistic pullback levels to gain speculative exposure. Zero trust security protocols can be greatly enhanced with biometrics in light of the SolarWinds (NYSE: SWI) hacking disaster. Fast forward to 2021, RealNetworks is reemerging as mobile gaming and a biometric facial recognition play with its SAFR Computer Vision platform to enhance cybersecurity and physical identity authentication needs for commercial clients. (NASDAQ: ROKU), RealNetworks paved the way as a leading pioneer of video streaming technology with shares trading north of $100 almost two decades ago. Long before streaming services like Netflix (NASDAQ: NFLX), Disney+ (NYSE: DIS) and platforms like Roku, Inc. Stocks like Blackberry (NYSE: BB), which was formerly Research In Motion trading, used to trade at over $300 per share over two decades ago during the first-day trading mania. The year 2021 has seen a resurgence of legacy momentum stocks and former high fliers rise from the ashes fueled by social media-driven short-squeezes. Legacy media and entertainment platform RealNetworks (NASDAQ: RNWK) stock has reversed its multi-year downtrend.
0 kommentar(er)
