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Sony Music invests $3.8m in Shazam: Source

Published on May 15, 2014 6:37 AM
 
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. -- FILE PHOTO: SHAZAM ENTERTAINMENT

(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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