NEW YORK, June 2 -- Sony Corporation of America announced
today that it has completed the acquisition of Gracenote, Inc. The
agreement to consummate the acquisition was previously announced on April
22, 2008.
Gracenote's existing business will continue to operate separately, and
Gracenote will continue to develop new technologies in existing as well as
new areas of operation. The senior management team will remain with the
company.
About Gracenote
Gracenote, a wholly-owned subsidiary of Sony Corporation of America, is
a global leader in embedded technology, enriched content, and data services
for digital entertainment solutions within the Internet, consumer
electronics, mobile, and automotive markets. Formerly known as CDDB(R),
Gracenote delivers a substantially improved consumer experience in digital
media devices and applications, plus media monitoring and other data
services to the recording industry, making it an integral part of the
digital media economy. Gracenote powers leading services including Apple
iTunes, Yahoo! Music Jukebox, Winamp; home and automotive products from
Alpine, Panasonic, Philips and Sony; and mobile music applications from
Samsung, Sony Ericsson, KDDI (Japan), KTF (Korea), Musiwave (Europe), and
others. Gracenote is headquartered in Emeryville, California.
http://www.gracenote.com/corporate.
About Sony Corporation of America
Sony Corporation of America, based in New York, NY, is a U.S.
subsidiary of Sony Corporation, headquartered in Tokyo. Sony is a leading
manufacturer of audio, video, communications, and information technology
products for the consumer and professional markets. Its motion picture,
television, computer entertainment, music and online businesses make Sony
one of the most comprehensive entertainment companies in the world. Sony's
principal U.S. businesses include Sony Electronics Inc., Sony Pictures
Entertainment Inc., Sony Computer Entertainment America Inc., and a 50%
interest in Sony BMG Music Entertainment, one of the largest recorded music
companies in the world. Sony recorded consolidated annual sales of
approximately $88.7 billion for the fiscal year ended March 31, 2008, and
it employs 180,500 people worldwide. http://www.sony.com
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