Sony strikes chord with Gracenote

By

Sony Corporation of America has signed a merger agreement with Gracenote in a deal worth approximately US$260 million..


Gracenote, best known for its music identification service, will continue to operate separately from the Japanese giant.

The digital media services firm will develop new technologies in existing and new areas of operation as a wholly-owned Sony subsidiary. Senior management will remain in place.

Tim Schaaff, senior vice president of software at Sony, said: "Sony sees tremendous growth potential in developing Gracenote as a separately run business unit.

"By broadly embracing Gracenote's platforms, Sony expects to significantly enhance and accelerate its own digital content, service and device initiatives. "
Got a news tip for our journalists? Share it with us anonymously here.
Copyright ©v3.co.uk
Tags:

Most Read Articles

Atlassian bets on AI browsers

Atlassian bets on AI browsers

SA government begins hunt for new CIO

SA government begins hunt for new CIO

Qantas is building a group-wide AI capability

Qantas is building a group-wide AI capability

NSW gov asked to employ multiple 'chief AI officers'

NSW gov asked to employ multiple 'chief AI officers'

Log In

  |  Forgot your password?