RealNetworks Founder Steps Down as CEO

I never like to hear this type of news, especially under the current circumstances Real is facing with their battle in the courts against the MPAA. You have to admire the courage he had as CEO, and I’d imagine if the court case had gone things would look much differently.

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“After nearly 16 years, I’ve decided it’s time for me to step away from day-to-day operations,” Glaser said. “I’m grateful to all of our stakeholders — customers, partners, shareholders, and most of all, employees — for the support and commitment they’ve given to RealNetworks. I remain committed to the company and look forward to continuing to serve in my capacity as board chairman.”