Sony to acquire Gracenote
updated 07:45 pm EDT, Tue April 22, 2008
Sony Gracnote
Sony Corporation of America has signed a merger agreement with Gracenote, Inc, and will pay approximately $260 million plus other contingent consideration for the digital media information warehouse. Formerly known as CDDB, Gracenote delivers information -- including lyrics -- on music to various services including Apple iTunes and Yahoo! Music Jukebox. The companies say that Gracenote's existing business will continue to operate separately as a wholly owned Sony subsidiary, and that the senior management team will remain with the company.
"Gracenote is a global leader in technology and services for digital media identification, enrichment, and recommendation, and these capabilities will be essential to the next wave of innovation in content, services, and consumer electronics," said Tim Schaaff, Sony's Senior Vice President, Software. "Sony sees tremendous growth potential in developing Gracenote as a separately run business unit, and by broadly embracing Gracenote's platforms, Sony expects to significantly enhance and accelerate its own digital content, service, and device initiatives."




Dedicated MacNNer
Joined: May 2001
Hmmm.
"Gracenote is a global leader in technology and services for digital media identification"
Everyone knows about Gracenote's interesting history, don't they? I myself use freedb.
The Internet does not forget.
W