Feeds

Shazam! Record labels shovel $9m into name-that-song app

London-based firm basks in repeated showers of cash

Security for virtualized datacentres

Three of the world's biggest record labels have clubbed together to invest in London-based name-that-tune firm Shazam.

Access Industries, the company which owns Warner Music Group, and Universal Music Group owners Vivendi have teamed up with Sony Music Entertainment to each take a rumoured $3m stake in Shazam.

Recent estimates have put a value of $500m on Shazam, which allows smartphone users to identify music tracks they are listening to via text message.

It started off by digitising 1.5 million songs in ill-fated Brit biz Woolworths' music library in return for the right to create a database of the songs' data.

These days Shazam claims an international user base of 450 million, following a $40m cash injection from multi-billionaire Carlos Slim.

Apple is said to be planning to thread Shazam's song-identification capabilities right into the fabric of iOS8, allowing fanbois to name a tune as quickly as they currently tweet.

The three big record companies already have stakes in other music services. Access Industries invested €130m in the Gallic streaming music service Deezer. All three own a stake in Spotify.

Shazam declined to comment on the investment. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.