Music recognition application Shazam access to capital

Absrtact: Music Recognition Application Shazam received $3 million trillion in capital injections from Warner Music, Universal Records and Sony Music, which were bought from a third party investor. Shazam is currently refusing to comment on the matter. Shazam from London.

Music Recognition applications Shazam received 3 million of billions of dollars in capital injections from Warner Music, Universal Records and Sony Music, which were bought from a third party investor. Shazam is currently refusing to comment on the matter.

Shazam, from London, is currently valued at $500 million trillion, although the software mainly provides music recognition services, but many brands as a valuable marketing partner. The company claims to have 450 million users worldwide, including more than 90 million live users. Shazam last year began to extend its music-recognition technology to television, such as television program recognition and advertising recognition.

Last month, Bloomberg said Apple would work with Shazam to use its fast-identification technology in future IOS to help users find content.

The three record companies that bought Shazam shares are already owned by Spotify, and Global records have a 14% stake in Beats Electronics, while Warner Music's holding company, Access Team, is also beats Electronics is one of the investors in the online music service beats.