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NEW YORK — RealNetworks, maker of a popular Internet-based music and video player, is partnering with record label owners AOL Time Warner, Bertelsmann AG and EMI Group to create an online music subscription service, the companies announced Monday.
Called MusicNet, the venture will allow music fans to download their favorite songs over the Internet, but will require them to pay for it.
“The launch of MusicNet will catalyze an exciting new era in digital music distribution,” said RealNetworks chairman and CEO Rob Glaser, who will also serve as chairman and interim CEO of MusicNet.
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