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In the latest step toward developing online music subscriptions, three big record companies are negotiating to license their music to RealNetworks Inc. for use in its planned subscription service, tentatively called MusicNet, Friday’s Wall Street Journal reported.
According to people familiar with the talks, AOL Time Warner Inc.’s (AOL) Warner Music Group, Bertelsmann AG’s BMG Entertainment and EMI Group PLC each are negotiating with Seattle-based RealNetworks, which makes a popular program for tapping into Internet music and video broadcasts from personal computers.
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