Gotuit Signs License With Universal Music
May 14, 2008 at 5:28 AM (PT)
UNIVERSAL MUSIC GROUP and GOTUIT have signed a broad license agreement for GOTUIT's intellectual property, which includes six issued patents and numerous patent applications. Under this license, UMG will foster the development of new personalized means for consumers to enjoy their artists' music via satellite radio, HD radio and over the Internet. Financial terms of the agreement were not disclosed.
"UNIVERSAL is committed to driving innovation and providing consumers with the most dynamic musical experiences possible," stated UMG EVP/Business Strategy LARRY KENSWIL. "And GOTUIT's broad vision for the use of metadata to personalize one's music experience will enable us and our distribution partners to craft new, innovative digital music services for the benefit of our artists and their fans."