RealNetworks, Inc. (NASDAQ:RNWK) Files An 8-K Financial Statements and Exhibits

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RealNetworks, Inc. (NASDAQ:RNWK) Files An 8-K Financial Statements and Exhibits

RealNetworks, Inc. (NASDAQ:RNWK) Files An 8-K Financial Statements and Exhibits
Item 9.01(a) of Form 8-K and the pro forma financial information required by Item 9.01(b) of Form 8-K in connection with the acquisition of Napster by RealNetworks, Inc (“RealNetworks”). This information was excluded from RealNetworks initial filing on Form 8-K, filed with the Securities and Exchange Commission on January 22, 2019, in reliance upon Item 9.01(a)(4) and Item 9.01(b)(2) of Form 8-K.

Item 9.01.Financial Statements and Exhibits.

(a)Financial Statements of Businesses Acquired.

1.The following listed Audited Financial Statements of Rhapsody International, Inc. for the years ended September 30, 2018 and 2017 are filed with this current report as Exhibit 99.2 attached hereto and incorporated herein by this reference.

a.

Report of Ernst & Young LLP, Independent Auditors.

b.

Consolidated Balance Sheets as of September 30, 2018 and 2017.

c.

Consolidated Statements of Operations and Comprehensive Income (Loss) for the years ended September 30, 2018 and 2017.

d.

Consolidated Statements of Changes in Stockholders’ Deficit for the years ended September 30, 2018 and 2017.

e.

Consolidated Statements of Cash Flows for the years ended September 30, 2018 and 2017.

f.

Notes to Consolidated Financial Statements for the year ended September 30, 2018.

The Consent of Ernst & Young LLP with respect to their report on the Audited Financial Statements of Rhapsody International, Inc. for the years ended September 30, 2018 and 2017, is filed with this current report as Exhibit 23.1 attached hereto and incorporated herein by this reference.

(b)Pro Forma Financial Information.

The following listed Pro Forma Financial Information for RealNetworks is filed with this current report as Exhibit 99.3 attached hereto and incorporated herein by this reference.

a.

Pro Forma Condensed Consolidated Balance Sheet as of December 31, 2018 (unaudited).

b.

Pro Forma Condensed Consolidated Statement of Operation for the year ended December 31, 2018 (unaudited).

c.

Notes to Pro Forma Condensed Consolidated Financial Information (unaudited).

(c) Exhibits.

Exhibit

Description

23.1

Consent of Ernst & Young LLP, Independent Auditors

99.1*

RealNetworks, Inc. press release dated January 22, 2019

99.2

Consolidated financial statements of Rhapsody International, Inc. for the years ended September 30, 2018 and 2017 with Report of Ernst & Young LLP, Independent Auditors

99.3

RealNetworks, Inc. Pro Forma Condensed Consolidated Balance Sheet as of December 31, 2018 (unaudited), Pro Forma Condensed Consolidated Statement of Operations for the year ended December 31, 2018 (unaudited), and Notes to Pro Forma Condensed Consolidated Financial Information (unaudited)

*Previously filed with the Securities and Exchange Commission as an exhibit to RealNetworks, Inc.’s current report on Form 8-K filed on January 22, 2019.

REALNETWORKS INC Exhibit
EX-23.1 2 exhibit231eyconsent.htm EXHIBIT 23.1 Exhibit Exhibit 23.1Consent of Ernst & Young LLP,…
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About RealNetworks, Inc. (NASDAQ:RNWK)

RealNetworks, Inc. (RealNetworks) is engaged in creating applications and services, which help in connecting with digital media. The Company provides the digital media services and products it creates to consumers, mobile carriers and other businesses. It operates through three segments: RealPlayer Group, Mobile Entertainment and Games. Its RealPlayer Group business consists of its photo and video sharing product, RealTimes and its RealPlayer media player software, and related products and services. Its Mobile Entertainment segment consists primarily of the digital media services, which it provides to network service providers as software as a service (SaaS) offerings. It owns and operates casual games service, offering casual games through digital downloads, online subscription play, third-party portals, social networks and mobile devices. Its casual games include board, card, puzzle, word and hidden-object games. It develops, publishes, licenses and distributes casual games.