Wednesday, February 22, 2012
Keen On? Gracenote: How To Make Data Pay In The Music Business (TCTV)
While the early history of the Internet is littered with the corpses of music start-ups, not all digital music companies have failed. Take, for example, Gracenote. Founded in 1998, the Berkeley based company was sold to Sony in 2008 for $260 million and is one of the real pioneers of the evolving digital economy. Gracenote has built its business out of maintaining and licensing a massive (currently 100 million tracks) database of information about music. And today, Gracenote - with its 350 employees in Europe, the US and Asia - is expanding into licensing digital data for video and television content.