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On2 licenses technology to RealNetworks

Video compression provider On2 Technologies said it has inked a deal with streaming media company RealNetworks to license On2's video-compression technology for set-top boxes and other devices. New York-based On2 also said RealNetworks has made an investment of $1 million in On2. Under the deal, On2's VP4 video-compression technology will support RealNetworks' RealPlayer and RealSystem iQ to enable consumers to view digital video. On2 said it will develop a software plug-in to RealPlayer that will enable people to play files encoded in On2's VP4 format. The company will develop another plug-in for the RealSystem Server that will allow broadcasters to stream VP4 encoded files. On2, formerly On2.com, licenses video codecs for set-top boxes, electronic gaming devices and wireless applications. Seattle-based RealNetworks develops software products and services that enable people to send and receive audio, video and other multimedia services using the Web.

    Video compression provider On2 Technologies said it has inked a deal with streaming media company RealNetworks to license On2's video-compression technology for set-top boxes and other devices. New York-based On2 also said RealNetworks has made an investment of $1 million in On2. Under the deal, On2's VP4 video-compression technology will support RealNetworks' RealPlayer and RealSystem iQ to enable consumers to view digital video. On2 said it will develop a software plug-in to RealPlayer that will enable people to play files encoded in On2's VP4 format. The company will develop another plug-in for the RealSystem Server that will allow broadcasters to stream VP4 encoded files.

    On2, formerly On2.com, licenses video codecs for set-top boxes, electronic gaming devices and wireless applications. Seattle-based RealNetworks develops software products and services that enable people to send and receive audio, video and other multimedia services using the Web.