Sony strikes chord with Gracenote

By
Follow google news

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. "

Add iTnews as your trusted source

Got a news tip for our journalists? Share it with us anonymously here.
Copyright ©v3.co.uk
Tags:

Most Read Articles

Australia Post's future IT estate to rely on 13 "platform ecosystems"

Australia Post's future IT estate to rely on 13 "platform ecosystems"

Gov to sustain key tech programs with new billions

Gov to sustain key tech programs with new billions

Myer flags 'huge' store technology transformation

Myer flags 'huge' store technology transformation

Vic gov invests $106m in communities and families IT transformation

Vic gov invests $106m in communities and families IT transformation

Log In

  |  Forgot your password?