(UPDATED) Gracenote has merged their lyrics business into LyricFind, according to an announcement on the company's web site. The deal includes a partnership whereby Gracenote will continue to offer a lyrics solution for its clients, now powered by LyricFind. Users include Pandora, MetroLyrics, DirectLyrics, Radio Disney, and Wikia.
Gracenote clients will be transitioning over to LyricFind, as will a number of music publishers. While neither party is disclosing the financial terms of the deal, Gracenote will not have an ownership share or any operational interest in LyricFind.
Larry Marcus of Walden Venture Capital, a respected digital music investor, has made a small personal investment in LyricFind and will be serving as an Advisor to the company. His other investments in the music and mobile space include Pandora, SoundHound, BandPage, Boombotix and Aarki.