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regarding that company's product designed to convert Real Audio (.rm) formatted files to other formats. in January 2000, RealNetworks filed an injunction against Streambox, Inc. As servers from Microsoft and Apple became more capable, Real's server sales inevitably eroded. ĭespite this success, problems arose because RealNetworks's primary business model depended upon the sale of streaming media server software, and Microsoft and Apple were giving those products away. According to some accounts, by 2000 more than 85% of streaming content on the Internet was in the Real format. They announced streaming video technology in 1997. RealNetworks were pioneers in the streaming media markets and broadcast one of the earlier audio events over the Internet, a baseball game between the New York Yankees and Seattle Mariners on September 5, 1995. Progressive Networks became RealNetworks in September 1997, in advance of the company's initial public offering (IPO) in October 1997 when shares of the company started trading on Nasdaq as "RNWK". It evolved into a technology venture to leverage the Internet as an alternative distribution medium for audio broadcasts. The original goal of the company was to provide a distribution channel for politically progressive content. RealNetworks (then known as Progressive Networks) was founded in 1994 by Rob Glaser, an ex- Microsoft executive, and a management team including Phil Barrett, Andy Sharpless, and Stephen Buerkle. The company also provides subscription-based online entertainment services and mobile entertainment and messaging services. They are based in Seattle, Washington, United States. RealNetworks was a pioneer in Internet streaming software and services. is a provider of artificial intelligence and computer vision based products.
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