With competition heating up in the online music business, RealNetworks Inc. slashed prices Tuesday for downloading music.
From TechWeb.net, for the next three weeks, the Seattle-based company will sell songs downloaded from its RealPlayer Music Store for 49 cents each, and albums for $4.99. The price cut is definitely a money-loser, since its less than what RealNetworks pays record companies for the music.
Nevertheless, RealNetworks is apparently prepared for the temporary sacrifice as it seeks to lure customers from Apple's popular iTunes Music Store, which sells songs for 99 cents each and $9.99 an album.
