Gracenote to Buy Philips's Audio ID, Fingerprinting Assets

Amsterdam -- Gracenote, a U.S.-based provider of digital entertainment
technology and content, announced that it has agreed to acquire the
audio identification and fingerprinting technology of Dutch technology
giant Royal Philips Electronics for an undisclosed sum. Furthermore,
Gracenote has entered into a long-term R&D agreement with Philips
Research. Under the terms of the agreement, Philips will take an equity
position in Gracenote and serve as a strategic technology advisor.
Gracenote said the acquisition would further extend its lead in the
digital entertainment technology market and allow it to expand into
significant new markets, including chip-based recognition, embedded
technologies for devices such as car stereos and music and advertising
monitoring.
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