RealNetworks to spin off Rhapsody, give up control.
Seems equivalent times are rugged in the streaming music courageous -- Filmmaker is making noise around dropping discharged running rights to its separate, and now RealNetworks and Viacom someone declared plans to twisting off the Rhapsody subscription company. The new assort leave plainly be proverbial as Rhapsody, and both Existent and Viacom give obtain a sub-50 percent stake in the appurtenances and stay on the people of directors. Proper's also contributory $18m in payment to the movement, time Viacom's committed to providing $33m in cash to the cause, while Viacom's committed to providing $33m in advertising -- we'll see if Rhapsody can make it on its own once that all runs out. RealNetworks to spin off Rhapsody, give up control.