Encounter Development Technologies Inc. (ENTI)

[Housh]

Apple's new Ping servie is a new music-centric social networking service incorporated with the newest version of their itunes software.

It allows people to (potentially) interact with artists' pages and post their likes/dislikes, and link to and from music they may be interested in.

It also includes one-click song purchases from your friends' profiles or artist profiles.

You can post videos.

Given Apple's streaming services, I can see this also including music videos in the future, and capturing a big part of the market ENTI is going for with MusicMatrix.

I really don't think that ENTI is going to have much room in the music/entertainment marketplace.