Sony Corp. of America has agreed to sell its Gracenote music metadata business to the Tribune media conglomerate for $170 million. Gracenote maintains a database of music data that’s used by streaming media services, mobile apps and in-car entertainment systems for finding and recommending tracks and providing information about them to listeners.
Two Takes
View TECHi Stance
Sony to sell Gracenote to Tribune for $170 million
Bloomberg
View all Bloomberg Two Takes by TECHi
Read the original story
Published December 23, 2013
TECHi's Take
Sony Corp. (6758) agreed to sell its Gracenote audio-recognition software business to Tribune Co. (TRBAA) for $170 million, part of the consumer-electronics maker’s effort to shed units as it focuses on fewer products. Tribune will combine Gracenote with its media-services division, which provides digital data on TV shows and movies, the Chicago-based broadcasting and publishing company said today in a statement. Sony acquired Gracenote in 2008 for about $260 million. The unit has annual sales of $100 million to $200 million, a person with knowledge of the business said last week.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
Balanced Perspective
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
More Two Takes from Bloomberg
Bitcoin has dipped below the $100,000 mark for the first time since June, falling more than 20% from its recent…
The recent drop of Bitcoin below the $100,000 mark is more than just a routine market shakeup. It highlights how…
Machine-Learning, (Home) Automation, Robotics, and Space Exploration. Those four areas were the focus of the MARS conference that Amazon hosted at…
Almost every aspect of Apple's hardware is designed in-house, but the actual manufacturing of its hardware is handled by other…