SAN FRANCISCO — RealNetworks made its pitch to investors that it is reinventing itself since former Chief Executive Rob Glaser left the company in January.
Acting CEO Robert Kimball spoke in a Tuesday session about the decision to spin off its music subscription business Rhapsody and its games business.
“I think the business has suffered from a conglomerate discount, given that we’re in four different businesses,” said Kimball in a Q&A session with a Goldman Sachs analyst. “We really needed to focus our attention on the core businesses.”
The new core business is selling its media management service to wireless carriers and building new services to offer the 80 carriers it already has partnerships with. The businesses Real wants to get out of are the content businesses.
“One of the things I’m trying to instill is focus. Let’s try to do a few things and do them well,” Kimball said when an investor asked how many services Real would roll out this year.