ITEM 8.01. OTHER EVENTS. MediaBay, Inc. ("MediaBay") has entered into a distribution agreement with RealNetworks, Inc. ("Real") to provide spoken-word and audio entertainment content to Real's subscriber base.
Pursuant to the agreement, MediaBay will provide its content library on an "a la carte" basis through Real's Music Store or to the approximately 1.0 million subscribers of the Rhapsody music service. In addition, MediaBay expects users to be able to transfer their spoken word libraries onto hundreds of portable devices supported by Real. At the current time, these devices include the Apple iPod, and most models from Creative, i-River, Rio, and many other MP3 players listed at http://music.guide.real.com/rhapsodydevices.
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