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                                                                    EXHIBIT 99.1

                                 FIRST AMENDMENT
                                       TO
                       STREAMING MEDIA SERVICES AGREEMENT

         THIS FIRST AMENDMENT ("First Amendment") TO STREAMING MEDIA SERVICES
AGREEMENT dated January 19, 2000 ("Original Agreement") is entered into by and
between GlobalMedia.com (f/k/a Global Media Corp.), a Nevada corporation with
its principal place of business at 400 Robson Street, Vancouver, British
Columbia, Canada V6B 2B4 ("Company"), and RealNetworks, Inc., a Washington
corporation with its principal place of business at 2601 Elliott Avenue,
Seattle, Washington 98121 ("RN") on June __, 2000.


         The parties agree as follows:

1.  DEFINITIONS.  The following terms shall have the meanings set forth below:

         a.       "Acquired Customer" shall mean any customer of an Unaffiliated
                  Company that is the subject of a Qualified Acquisition,
                  provided that the agreement or other relationship with such
                  customer was entered into by the Unaffiliated Company prior to
                  the consummation of the Qualified Acquisition.

         b.       "Alternative Format" shall mean any software products or
                  applications, other than RN Format for the encoding and
                  delivery over the Internet of audio and/or visual content
                  including, without limitation, Windows Media Player and
                  related applications.

         c.       "Alternative Service Provider" shall mean any party other than
                  RN which provides streaming media services.

         d.       "Qualified Acquisition" shall mean the acquisition of certain
                  customer contracts for Web-related services, including
                  streaming media services, from OnRadio.com pursuant to that
                  certain Asset Purchase Agreement dated as of June 6, 2000 and
                  any other transaction pursuant to which Company acquires an
                  Unaffiliated Company by means of a stock purchase, merger or
                  other business combination, or acquires assets from an
                  Unaffiliated Company.

         e.       "Relief Period" shall mean the period ending twelve (12)
                  months after the effective date of this First Amendment.

         f.       "RN Format" shall mean RealAudio, RealVideo or other streaming
                  software format provided by RN.

         g.       "Unaffiliated Company" shall mean any corporation,
                  partnership, limited liability company or other business
                  entity in which neither Company, any subsidiary of Company,
                  nor any executive officer, director or 5% or greater
                  shareholder of Company owns any equity interest, including any
                  debt instrument convertible into equity, therein or in any
                  direct or indirect corporate parent of such entity, other than
                  ownership of common stock consisting of no more than 1% of the
                  outstanding shares of common stock of a company that is
                  publicly-traded.

SUBJECT TO REQUEST FOR CONFIDENTIAL TREATMENT FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION


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Capitalized terms used but not otherwise defined herein shall have the meanings
set forth in the Original Agreement.

2.       AMENDMENT TO SECTION 2.1 OF THE ORIGINAL AGREEMENT. Section 2.1 of the
         Original Agreement is amended and restated in its entirety as follows:

         2.1 SUPPLY OF CONTENT. Company shall supply Content to RN via telephone
line, ISDN, frame relay, satellite feed, FTP or the Internet, according to the
schedule and specifications to be agreed to by the parties, as such schedule and
specifications may be modified from time to time by agreement of the parties.
Company acknowledges and agrees that quality levels obtained for Content
supplied over the Internet may be substantially degraded and RN has recommended
against use of the Internet for such purpose and has not made any assurances
that quality standards obtained by other methods of delivery will be obtained
for Content delivered over the Internet.

3.       AMENDMENT TO SECTION 2.7 OF THE ORIGINAL AGREEMENT.

         Section 2.7 of the Original Agreement is deleted and replaced with the
following:

                  2.7      EXCLUSIVITY.

                  (a) Except as provided in Section 2.7(b), Company agrees that
                      during the Term (i) RN will be the exclusive provider of
                      streaming media services, and (ii) Company shall
                      exclusively use RN Format for all media delivery during
                      the Term.

                  (b) Notwithstanding the foregoing, if Company consummates any
                      Qualified Acquisition at any time before the December 31,
                      2000, then Company (and any subsidiary or other corporate
                      affiliate of Company that is the successor in interest of
                      the Unaffiliated Company involved in the Qualified
                      Acquisition) may, during the Relief Period, use
                      Alternative Service Providers and Alternative Formats to
                      perform any obligations to Acquired Customers provided
                      that: (i) Company shall use its best efforts to cause
                      Acquired Customers to enter into new agreements with
                      Company for streaming audio/visual content in RN Format as
                      expeditiously as is reasonably possible following the
                      consummation of a Qualified Acquisition and (ii)if, for
                      any reason, at the end of the Relief Period, Company's
                      total media delivery (as measured in total hours of media
                      delivery per month) is less than 100% in RN Format or RN
                      is the provider of less than 100% of Company's streaming
                      media services, then Section 2.7(a) shall no longer be in
                      effect and Exhibit 3 to the Original Agreement shall be
                      amended as set forth in Exhibit A to this First Amendment,
                      effective immediately at the end of the Relief Period.

4.       EFFECTIVENESS AND TERMINATION OF AMENDMENT.

This First Amendment shall be effective on the date that Company (i) has paid to
RN the total sum of [$1,025,983.64] and (ii) has executed and delivered to RN
that certain Loan Agreement due September 1, 2000 in the original principal
amount of $1,000,000 in the form attached as Exhibit B hereto (the "Loan"). RN
may terminate this First Amendment immediately upon notice to Company in the
event that Company defaults on the Loan or is at any time in breach of any

SUBJECT TO REQUEST FOR CONFIDENTIAL TREATMENT FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION


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Contracts between RN and Company. Upon such termination, the Original Agreement
shall continue in full force and effect.

5. Except as expressly modified herein, the Original Agreement shall continue in
full force and effect.


RealNetworks, Inc.                          GlobalMedia.com



By /s/ K. J. MacArthur                      By /s/ Winston Barta
  -------------------------------             -----------------------------
  Kelly Jo MacArthur
  Sr. Vice President &
  General Counsel


SUBJECT TO REQUEST FOR CONFIDENTIAL TREATMENT FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION


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                                    Exhibit A


                                     PRICING


GENERAL TERMS
Special charges may apply if RealNetworks needs to acquire special equipment to
serve Company's needs. These charges will be discussed with Company prior to
RealNetworks' performing any obligations under this Agreement.

Pricing is as follows:

[OMITTED TEXT IS SUBJECT TO A REQUEST FOR CONFIDENTIAL TREATMENT]

SUBJECT TO REQUEST FOR CONFIDENTIAL TREATMENT FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION


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                                    EXHIBIT B

                             Form of Loan Agreement


SUBJECT TO REQUEST FOR CONFIDENTIAL TREATMENT FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION