Universal Music Group (UMG) and Gotuit, a leading provider of metadata technologies, announced today that UMG has signed a broad license agreement to Gotuitâ€™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 artistsâ€™ music via satellite radio, HD radio and over the Internet. Financial terms of the agreement were not disclosed.
Gotuit delivers personalized media experiences. Its patented technology and software components enable a new layer of metadata which publishers use to improve the presentation, discovery, advertising, and profitability of their content libraries.
Originally posted on May 6, 2008 @ 8:37 am