Sony Merges With Gracenote23 Apr, 2008 By: Chris Tribbey
Digital software licenser Gracenote has merged with Sony Corp. of America in a $260 million deal, the companies reported April 22. Gracenote will continue to operate separately, as a wholly owned Sony subsidiary, and senior management will remain in place.
“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 Corporate SVP of 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.”
“We are very pleased to join Sony as its strategic vision is very much in line with our own,” said Gracenote CEO Craig Palmer. “Having a closer connection with the content and digital services community will accelerate adoption of Gracenote technologies, and the relationship will also give us the resources necessary to rapidly expand development of next generation products for the industry.”
Gracenote's Internet-based Media Recognition Service is licensed to software and hardware developers for CD players and burners, MP3 players and encoders, cell phones, car audio systems, home media applications and other electronics.