RealNetworks recently trimmed 10-12 employees within its music division, according to information confirmed Friday by both SF Weekly and paidcontent.org.
The cutbacks – which surround the Rhapsody subscription offering – allegedly touched offices in Seattle, New York and San Francisco. The layoffs happened roughly two weeks ago, specifically the week of January 17th, according to a RealNetworks representative.
Rhapsody has always been a strong solution for music enthusiasts, though subscription-based platforms remain niche. Just recently, MTV Networks and RealNetworks blended their respective subscription services, a move that created some redundancies. Over the weekend, that team announced a major deal to power Yahoo’s on-demand music offerings.
The developments come ahead of a RealNetworks quarterly earnings call, scheduled for February 7th at 5 pm EST. A webcast of the event is happening at investor.realnetworks.com, viewable through the RealPlayer application. Alternatively, investors can call (800) 857-5305 within the United States, or (773) 681-5857 overseas.
Story by news analyst Alexandra Osorio
