MTV Eyes RealNetworks' Majority Stake In Rhapsody

Law360, New York (November 20, 2009, 12:59 PM EST) -- RealNetworks Inc. and MTV Networks have opened talks that could see the U.S. digital media company give up its majority stake in online music seller Rhapsody.com to the company best known as the first music video channel.

According to an 8-K filing with the U.S. Securities and Exchange Commission on Thursday, Real, which has a 51 percent stake in Rhapsody, recently opened negotiations with MTV about reducing its stake in the joint venture.

The negotiations could result in both MTV, a unit of multimedia giant Viacom...
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