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Intel pays RealNetworks $120m for patents, video codecs

updated 10:00 am EST, Thu January 26, 2012

Intel makes key deal for RealNetworks video

Intel and RealNetworks made a crucial deal for video technology on Thursday. The semiconductor firm has paid $120 million to get a "significant" 190 of RealNetworks' patents. In exchange, Intel has agreed to team with RealNetworks to co-develop the latter's signature video codecs and will take on seven codec developers from its partner in the process.

Mobile was the focus, according to Intel senior VP Renée James. The extra development would cover a "wide spectrum" of hardware, including smartphones and ultrabooks.

For RealNetworks, the pact is a major improvement in its financial position since spinning out its Rhapsody subscription music service. With a total $183 million in cash as of the end of the summer, the online video pioneer will be getting the equivalent of two thirds of its value just from the Intel deal.

The company is best known for its RealVideo format. At one point, it was the defining video codec for the web and used by most major sites for streaming. Flash video, HTML5, and other more universal formats ended up taking over and have pushed RealVideo mostly out of the mainstream.



By Electronista Staff
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Comments

  1. FireWire

    Mac Elite

    Joined: Oct 1999

    +7

    real who?

    I thought they were dead a long time ago.. they had their time, but I don't trust them anymore.. Buffering anyone? I think open standard are the way to go. Private formats are out! Just as WMV were out and Flash was slowly dying, those b******* make a comeback!

  1. freediverx01

    Fresh-Faced Recruit

    Joined: Jul 2011

    +4

    Intel must be desperate

    Wow, paying $120M for the crappiest technology on the market. Intel must be desperate.

  1. freediverx01

    Fresh-Faced Recruit

    Joined: Jul 2011

    0

    Intel must be desperate

    Wow, paying $120M for the crappiest technology on the market. Intel must be desperate.

  1. Jeronimo2000

    Forum Regular

    Joined: Aug 2001

    +7

    Pre-historic

    "The company is best known for its RealVideo format. At one point, it was the defining video codec for the web"

    And at one point (roughly around the same time), dinosaurs roamed the earth. But at least *they* had the decency to become extinct when their time was up.

  1. abnyc

    Fresh-Faced Recruit

    Joined: Sep 2000

    +1

    I remember those days

    It was also during those days that Microsoft was trying to make the internet incompatible with itself

  1. smacker

    Fresh-Faced Recruit

    Joined: Apr 2003

    +1

    Remember those days too

    Back then when p*** clips were thumbnail size and so damn blocky, you could barely make out anything :-)

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