Tribune buys music data service from Sony for $215m
NEW YORK (AFP) - United States media company Tribune plans to acquire Gracenote, a giant in music data, for US$170 million (S$215.2 million) from media giant Sony, the companies announced on Monday.
Gracenote is a leader in music "metadata" enabling online music services, as well as smartphones and tablets, to recognise and describe musical works.
"Gracenote is the industry standard for music recognition technology and its database gets 550 million look-ups each day and more than 16 billion every month, making it the most trafficked music data source on the planet," said Tribune in a statement.
Tribune plans to combine Gracenote with its Tribune Media Services, which provides television and movie metadata.