The Echo Nest Launches Fanalytics(TM) - Semantic Web Analytics for the Music
Industry
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
Elissa Barrett of The Echo Nest, +1-617-628-0233 ext. 43, elissa@echonest.com
