Sony Music invests $3.8m in Shazam: Source
Published on May 15, 2014 6:37 AM
(REUTERS) - Sony Music Entertainment, a unit of Sony Corp, has invested US$3 million (S$3.8 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 US$3 million each in Shazam.
The investments come after Mexican billionaire Carlos Slim invested US$40 million in Shazam in July.
London-based Shazam's music-recognition technology helps identify song title and artist, along with lyrics, video, artist biography, concert tickets and recommended tracks.
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