Spotify Buys Music Data Company Echo Nest - Presented by: The Aol. On Network

Streaming music service Spotify on Thursday announced it has purchased the Echo Nest, a music intelligence company that powers Web radio, recommendations and playlists for numerous media firms -- including some Spotify competitors. Pandora, the biggest radio service on the Internet, has credited its growth to Music Genome Project's ability to coalesce related songs based on that data.



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