Poultry company Venkateshwara Hatcheries (Venky's) has acquired a minority stake in Hitlab.com, an online music community backed by musician Akon. Hitlab serves as a site for discovering singing talent, allowing users to create profile pages and upload their music. An algorith compares the DNA of the songs with those which topped the Billboard charts. Hitlab is a joint venture between a Canadian internet company, and Akon, and Venky's London, a 100% subsidiary of Venkateshwara Hatcheries, has come in as a third (minority) shareholder in the main company. A Venky's representative declined to comment on the amount invested and stake acquired. Remember that Venky's had acquired in the English Premier League (football) club Blackburn Rovers, last year. India Plans Now there's a Hitlab India in the making. The announcement comes just a few weeks shy of Akon's concerts in India - on the 16th of April in Delhi, and 17th in Bengaluru, and Hitlab is asking Indian artists to submit their music to the website, in order to be selected to perform as the opening acts at the concert; the winners will be announced on April 13th 2011. As per a statement released by the company, "new fans to hear their song on Akon's Hitlab radio show. Artist and fans will also be able to profit form a soon to be launched innovative distribution network." Venky's is also the title sponsor of Akon's India concerts. How Hitlab works Hitlab uses artificial intelligence algorithms - a proprietary Dynamic Hit Scoring (DHS) music…
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