July 24, 2008
Muze Adds Track Level Data to MuzeMusic 2.0 Media Information Solution
Muze Inc., the leading independent provider of innovative entertainment information products and media preview and discovery services, today announced that it will now provide track-level data as a part of its forthcoming release of MuzeMusic 2.0, the company's next-generation media information solutions portfolio for music product sales, audience development, and social networking applications.
According to Forrester Research, digital music sales will grow at a compound annual growth rate of 23% over the next five years, reaching $4.8 billion in revenue by 2012.(1) By 2011, 50% of all music sold in the US will be digital, and sales of digitally downloaded music are expected to surpass the sales of physical CDs by 2012. However, providing consumers with an easier way to discover and navigate through the vast universe of old and new music continues to present challenges to both content owners and marketers alike. Having track and song-level metadata and descriptors is essential for enabling search, discovery, recommendation, and consumption of music and other forms of digital entertainment.
MuzeMusic(R) 2.0 is a comprehensive music database that contains normalized commercial metadata, expert editorial content including reviews and biographies, artist images, and music samples that enable companies to increase their sales of entertainment products -- such as tracks and albums -- and to attract and retain subscribers to Internet, mobile, and social networking sites. One of four modular data packages, MuzeMusic 2.0 Tracks Plus contains essential top-line commercial data -- such as title, artist, label, release date, and product code -- for individual music tracks. Over 20 million new descriptive attributes have been added to MuzeMusic 2.0 product suite, including details such as composers, themes, genres, and styles by track. The integration of these attributes with Muze album and artist metadata greatly improves navigation and refines search results, as well as providing key data elements necessary for generating high-quality recommendations and playlists.
"Muze media information products are revolutionizing the way that entertainment products and services are discovered and consumed," says Janice P. Anderson, chairman and chief executive officer for Muze. "The addition of track-level data to our already-comprehensive music information product offering will enable retailers, social networking and internet destinations, and consumer electronics manufacturers to provide essential information to their customers that will allow them to more easily index and navigate the content they already have, as well as facilitating the discovery of new songs, albums and artists."
Muze Tracks Plus, along with MuzeMusic 2.0, will be generally available at the end of July.
(1) Forrester Press Release: http://www.forrester.com/ER/Press/Release/0,1769,1200,00.html
About Muze Inc.
Established in 1991, Muze provides solutions to businesses that enable search, discovery, sharing, and purchasing of entertainment products. Our media information products and our sample and discovery services provide the foundation for making all types of entertainment products available on-demand anywhere, anytime, and are used by hundreds of companies worldwide to develop audiences and customers. Our clients range from in-store and online retailers, portals, community sites, and auction sites, to consumer electronics manufacturers and mobile services providers, all of whom rely on Muze's rich entertainment content and digital sample services to support both physical and digital retail commerce. Clients include Yahoo!, eBay, Best Buy, Overstock, iLike, Pricegrabber, Packet Video, Hot Topic, Play.com, and many others. Muze is based in New York City, with operations in North America and the United Kingdom. To learn more, please visit www.muze.com and www.muzeeurope.com.
Muze PR, Media, and Analyst Relations David Z Orban (212) 824-0349 [email protected]
SOURCE: Muze Inc.