A profile of Audible Magic, the music recognition company at a center of controversy these days, due to its role in the P2P debate…

Moving on from its CD music recognition service into online and now wireless music services, its business is booming. 

“Gracenote’s early arrival in digital music meant that the company was left alone to build up its CD database—potential competitors never saw the opportunity. They do now, however. Microsoft (MSFT) has created its own version of CDDB for its Windows Media Player.”