Feeds

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

London-based firm basks in repeated showers of cash

Choosing a cloud hosting partner with confidence

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. ®

Intelligent flash storage arrays

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
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?
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.