It’s been a busy last few months here at LyricFind – and I’m excited to be able to announce a few things that have been brewing for a while!
First, we’re excited to announce that Gracenote has merged their lyrics business into LyricFind! We’ve long admired the lyrics licensing business that Gracenote has built; their commitment to quality and copyright fits perfectly with ours, and we’re excited to bring that business under the LyricFind banner.
While we aren’t disclosing the financial terms of the deal, Gracenote will not have an ownership share or any operational interest in LyricFind.
The deal includes a partnership whereby Gracenote will continue to offer a lyrics solution for its clients, which will be powered by LyricFind. Gracenote’s worldwide presence will serve as a great asset as we continue to expand globally, and we’re excited to work with them to grow our business and build our relationship. Similarly, Gracenote will now be able to offer a global lyrics solution, as well as additional features like Lyric Synchronization, our built-in Profanity Filter, Snippet APIs, and our customized lyric search technology.
Gracenote clients will be transitioning over to the LyricFind service, as will a number of music publishers. As a result, both current and new clients will be able to benefit from a much larger catalog of lyrics. We’ll also have significantly more resources to put towards additional licensing, content, and services, as we continue to focus on growing both our domestic and international catalogues.
Bringing the Gracenote roster within LyricFind brings a lot of great names with it – we’re excited to work with and help grow services like Pandora, MetroLyrics, DirectLyrics, Radio Disney, Wikia, and many more.
But that’s not all!
We’re also ecstatic today to announce that Larry Marcus of Walden Venture Capital, arguably the most respected name in digital music investing, has made a small personal investment in LyricFind and will be serving as an Advisor to the company moving forward.
Larry was first introduced to us many years ago by the folks at Pandora (where he was the first investor), and we’ve admired him for a long time. He was named to the 2012 Billboard Power 100, and also Billboard’s 2012 Twitter 140. Larry’s other investments in the music and mobile space include SoundHound, BandPage, Boombotix and Aarki. Follow Larry on Twitter at @cyberlar.
The driving force behind this deal was Larry as a person – we really wanted him to be a part of the team. He has proven time and time again that he understands our business, the digital music market, and our goals. His vision of LyricFind’s future aligned perfectly with ours, and his strategic knowledge has already proven to be invaluable. It was a very natural fit.
Welcome to the team, Larry – we’re very happy to have you on board!
Darryl, Mohamed, and the rest of the LyricFind team