Tribune Company To Acquire Gracenote
December 23, 2013 at 11:19 AM (PT)
TRIBUNE COMPANY has entered into an agreement with SONY CORPORATION OF AMERICA to purchase GRACENOTE, the global leader in music technology and metadata. GRACENOTE is the largest source of music data in the world, featuring metadata for more than 180 million tracks, which helps power more than a billion smart phones and tablets, as well as the world's most popular streaming music services.
TRIBUNE COMPANY will combine GRACENOTE with TRIBUNE MEDIA SERVICES (TMS), the premier provider of television and movie metadata, creating one of the largest entertainment metadata companies in the world.
"This transaction extends and complements TMS' best-in-class core competency in the metadata business, while also deepening TRIBUNE's slate of subscription services," said TRIBUNE COMPANY Pres./CEO PETER LIGUORI.