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
Machine-Learning, (Home) Automation, Robotics, and Space Exploration. Those four areas were the focus of the MARS conference that Amazon hosted at…
Remember a few weeks back when Sidecar announced that it'll no longer be competing with the likes of Lyft and…
You don't even need to use Netflix to feel the effect it's having on traditional television anymore. In order to…
It looks like one the most-hated cable companies in the United States is about to join forces with one of…