Stories by Hane C. Lee and Ben Hammer

RealNetworks signs 3 majors to new service

Major record labels Warner Brothers Music Group Inc., BMG Entertainment Inc. and EMI Group PLC said Monday that they will license their music to RealNetworks Inc. (RNWK) for use on Internet-based music subscription service called MusicNet, in exchange for minority stakes in the service.

Major Labels May License Tunes to RealNetworks

Major record labels Warner Music, BMG Entertainment and EMI Group are negotiating licenses with RealNetworks for use on an Internet-based music subscription service called MusicNet, according to a report published Friday.

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