SOMERVILLE, Mass. and NEW YORK, Dec. 14, 2010 /PRNewswire/ -- The Echo Nest, a music intelligence platform that powers music applications across the web and various devices, has announced an agreement with MTV Music Group to develop a series of forthcoming music products that will that allow fans to further their music discovery, consumption and interaction online.
"We are working with MTV on next-generation music products that take advantage of our web-aware discovery technology and developer tools, This partnership capitalizes on our two companies' respective strengths – The Echo Nest's dynamic understanding of the music web and MTV's unique ability to connect with and entertain the largest collection of music fans on the web," said Jim Lucchese, CEO of The Echo Nest.
"We are very focused on building the next set of great music applications and experiences," said Dermot McCormack, EVP of Digital Media, MTV Music & Logo at MTV Networks. "With the help of The Echo Nest's music intelligence platform, MTV Music Meter will provide fans the opportunity to discover, consume, share and interact with artists and their music on a daily basis via any screen."
About The Echo Nest
The Echo Nest is a music intelligence company that connects the greatest application developers with the best data and music to enable the next generation of music experiences. Powered by the world's only machine learning system that actively reads about and listens to music everywhere on the web, The Echo Nest opens up a huge repository of dynamic music data to any application developer, from one-person operations to multinational corporations. Over 100 music applications have been built on its platform to date.
The Echo Nest's investors include Matrix Partners, Commonwealth Capital Ventures, Argos Management and three co-founders of MIT Media Lab. In addition, the company has won four National Science Foundation SBIR grants.
For more information, visit echonest.com.
SOURCE The Echo Nest