RealNetworks Shutting Down RealDVD Software, Paying $4.5 Million To Movie Studios

RealNetworks, Inc. (NASDAQ:RNWK) said that they are going to shut down their RealDVD software and pay $4.5 million in legal costs to the movie studios. “Until this dispute, Real had always enjoyed a productive working relationship with Hollywood,” stated RealNetworks President and acting CEO Bob Kimball. “With this litigation resolved, I hope that in the future we can find mutually beneficial ways to use Real technology to bring Hollywood’s great work to consumers.” RealNetworks will be refunding the 2,700 customers that bought RealDVD. [TechFlash via Techmeme]

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