Tribune buys music data service from Sony for $170 mn

December 23, 2013
The Sony headquarters building in Tokyo on May 9, 2013

US media company Tribune plans to acquire Gracenote, a giant in music data, for $170 million from media giant Sony, the companies announced Monday.

Gracenote is a leader in "metadata" enabling online music services, as well as smartphones and tablets, to recognize 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.

Sony said it expects the sale to close prior to March 31, 2014, subject to regulatory approvals.

Sony had announced its acquisition of Gracenote in 2008. Sony Monday estimated that the company would book a gain of about $60 million when the sale is complete.

Explore further: Sony's Music Unlimited comes to Android

Related Stories

Sony's Music Unlimited comes to Android

June 16, 2011

Sony has released an app making its Music Unlimited online streaming available on smartphones running Google's Android system, amid growing competition from Amazon and Apple in cloud-based services.

Sony uniting strengths at online network

September 27, 2011

Sony on Tuesday rolled out a new way to explore online video as the Japanese entertainment titan battles to be the preferred Internet venue for games, music, films and television.

Matching fans to music tops record industry agenda

February 1, 2012

After a decade-long battle against file-sharing, music and technology giants are now pushing users to share to their hearts' content, with online music recommendations a key issue at the MIDEM trade fair that wrapped up Tuesday.

Sony rejects Loeb proposal for entertainment sale

August 6, 2013

(AP)—Sony's board has unanimously rejected a U.S. hedge fund manager's proposal that it sell part of its entertainment business, sending the Japanese company's shares down more than 5 percent.

Recommended for you

The ethics of robot love

November 25, 2015

There was to have been a conference in Malaysia last week called Love and Sex with Robots but it was cancelled. Malaysian police branded it "illegal" and "ridiculous". "There is nothing scientific about sex with robots," ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.