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Wikia Buys Lyric Wiki As Part Of Music Expansion

  • By Joseph Tartakoff
  • On 4:30 pm EDT, Wednesday October 14, 2009

Wikia, the for-profit wiki company led by Wikipedia founder Jimmy Wales, has made a small purchase: It has picked up Lyric Wiki, a wiki site that features nearly one million user-uploaded song lyrics. Wikia says it has also reached a licensing deal with Sony (NYSE: SNE - News) subsidiary Gracenote so that royalties will be paid to music publishers. Wikia says the purchase is part of the company's expansion into music content; the company already hosts a number of other music-related wikis. Terms of the deal were not disclosed. Wikia has raised more than $14 million in funding, including a $10 million investment from Amazon (NasdaqGS: AMZN - News) in late 2006. Release.

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