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Sony Music Invests $3 Million in Shazam

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Sony Music Entertainment, a unit of Sony Corp, has invested $3 million in music-recognition application maker Shazam Entertainment, a source familiar with the matter said.

A Wall Street Journal blog post said earlier in the day that Vivendi’s Universal Music Group and Warner Music Group owner Access Industries had also invested $3 million each in Shazam.

The investments come after Mexican billionaire Carlos Slim invested $40 million in Shazam in July.

Shazam

London-based Shazam’s music-recognition technology helps identify song title and artist, along with lyrics, video, artist biography, concert tickets and recommended tracks.

Shazam and Sony declined to comment, while Universal Music and Access Industries were not immediately available for comment.

Reuters

 

Ivan Castilho
About the Author

Ivan Castilho is an entrepreneur and long-time Apple user since 2007, with a background in management and marketing. He holds a degree in Management and Marketing and multiple MBAs in Digital Marketing and Strategic Management. With a natural passion for music, art, graphic design, and interface design, Ivan combines business expertise with a creative mindset. Passionate about technology and innovation, he enjoys writing about disruptive trends and consumer tech, particularly within the Apple ecosystem.

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