RealNetworks Behind New Streaming Music App

RealNetworks is poised to launch an on-demand Rhapsody streaming music app tailored to the iPhone and, of course, the iPod Touch.

The app will make its way to Apple for review this week, according to multiple reports.

How does it all work?

In a nutshell, the Rhapsody app enables users to access an inventory of 8 million songs with similar functionality to that which is found on Rhapsody’s official website.

Initially, RealNetworks will offer a free trial of the service (you can use your current Rhapsody username and password to access the app’s features). Eventually, however, it will come with a price tag, but we don’t yet know how large or small it will be if and when the App Store puts it up for sale.

According to Rhapsody’s VP of Business Management Neil Smith in The New York Times, the app should make it through the review process without incident.

“The App Store is likely to be bigger than the music store some day, and not approving things for the App Store is giving people a reason to say, ‘I’m not going to buy an iPhone,'” he says.