The Echo Nest Launches Fanalytics(TM) – Semantic Web Analytics for the Music Industry

June 24, 2009

Customers include leading labels and distributors

SOMERVILLE, Mass., June 24 /PRNewswire/ – The Echo Nest, a music intelligence platform providing data-driven solutions to the digital music industry, today announced the launch of its Fanalytics platform. Fanalytics applies patented web crawling, machine learning and semantic web technology to help artists and labels better understand, locate and build their online fan base.

As part of the launch, The Echo Nest announced an existing customer base of industry leaders, including Interscope Records (Universal), Independent Label Group (WMG), RCA Music Group (Sony) and entertainment services company, The Orchard. The Echo Nest’s Fanalytics platform is based on technology developed over twelve years at MIT, Berkeley and Columbia university by the company’s two PhD co-founders, Brian Whitman and Tristan Jehan.

“At The Orchard, we constantly seek out new ways to expand our marketing reach in effective, strategic ways. Fanalytics will serve as a key element of our online publicity campaigns,” commented Jaclyn Ranere, head of Marketing at The Orchard.

“Nearly everyone who works at The Echo Nest is a musician. We understand that simply making your music available on the web is easy. The challenge is cutting through the noise to build a meaningful fan base,” said Jim Lucchese, CEO of The Echo Nest. “We are excited to apply our one-of-a-kind music intelligence platform to help artists and labels better understand and build their online fan base.”

Fanalytics complements The Echo Nest’s existing product suite for consumer-facing online music services, powering enhanced music search, recommendation and interactive music applications.

About The Echo Nest

The Echo Nest helps online music companies make more meaningful connections between people and music through its patented machine learning platform that actually reads about music and listens to music everywhere on the web. The company is co-founded by two MIT Media Lab PhDs, Brian Whitman and Tristan Jehan. The Echo Nest is a three-time National Science Foundation SBIR grant winner and is funded by Commonwealth Capital, Argos Management and a series of angel investors that include a co-founder of the MIT Media Lab.

For more information, please visit www.echonest.com.

About The Orchard(R)

The Orchard (Nasdaq: ORCD) is a full service business partner for entertainment companies, music labels, recording artists and songwriters, film studios, and producers. Founded in 1997, the company drives sales across its retail network of more than 600 digital storefronts and mobile carriers in 59 countries. Headquartered in New York and London, with operations in 27 markets around the world, The Orchard offers a comprehensive suite of services focused on customized marketing and promotions, social media, sales development, and technology. An industry pioneer and continued innovator in digital media services, The Orchard fosters creativity and independence. For further information please visit www.theorchard.com

About RCA Music Group

RCA Music Group, comprised of J Records, Arista Records, RCA Records, Polo Grounds, Black Seal and Battery Records, is a unit of Sony Music Entertainment. RCA Music Group includes a diverse roster of internationally renowned artists representing all genres of music including Grammy Award winning and multi-platinum selling recording artists such as Alicia Keys, Foo Fighters, Christina Aguilera, Leona Lewis, Jamie Foxx, Rod Stewart, Barry Manilow, Kelly Clarkson, Jennifer Hudson, Daughtry, Sarah McLachlan, Avril Lavigne, Fantasia, Dave Matthews Band and Whitney Houston among others. The roster also boasts burgeoning superstars including Kings of Leon, Pitbull, David Cook, Jazmine Sullivan, and Ray LaMontagne.

SOURCE The Echo Nest

Source: newswire

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