RealNetworks CEO Cites Cautious Optimism For MusicNet
Citing the powerful allure that Napster’s free service has had on millions of music fans, the head of MusicNet – a new music subscription joint venture backed by three of the world’s biggest record labels – sounded a note of cautious optimism Tuesday. “It’s still unproven that people will go from paying zero to a reliable but paid service,” said Rob Glaser, chief executive of media software giant RealNetworks Inc. and acting CEO of MusicNet. “I’m optimistic, but until it plays out in the marketplace, its not proven,” Glaser said, speaking at a Beverly Hills breakfast for entertainment executives and… Read more »