Saturday, August 29, 2009

Internet Age re-inventing music business: Bandwidth

By Glenn Chapman / AFP: Yahoo! Tech

"Music and Internet worlds merged on San Francisco's posh Nob Hill as insiders brainstormed about industry rocking Web 2.0 trends from social networking to smart phones with cameras.

Internet technologies will transform a music industry in which recording studio revenues have tumbled along with CD sales, according to those gathered for an elite Bandwidth Conference.

'The technology is really there to empower the consumer and the artist,' said Gracenote vice president of product and content management Stephen White.

'It is about creating better experiences around music, and we think the same is true for movies, TV, and other entertainment content.'

Gracenote specializes in music recognition technology and is used in Apple's iTunes online shop. Sony bought the California company last year for a reported 260 million dollars."

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