Twitter forms partnership to mine music data from tweets

A venture by music industry influencer Lyor Cohen is working with Twitter to predict music trends based on public and private information, such as location tags, associated with tweets. Cohen's company, called 300, will organize Twitter's data and create software to inform Twitter strategies for other recording labels, artists and music brands. "There was a time not so long ago when we sold music to retailers and they sold to fans, but nobody knew who those fans were," Cohen said.

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