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

 

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Ivan Castilho is a citizen of the world; CEO at Mindfield Digital and Executive Director at AppleMagazine, and Techlife News. Ivan's been an avid Apple user and consumer since 2008, with a major in Marketing and extensive experience in strategic management and consulting for tech companies. Hobbies include photography, design, and music.