Friday, March 29, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsIndustryApple acquires music recognition app Shazam, beats Snapchat and Spotify

Apple acquires music recognition app Shazam, beats Snapchat and Spotify

Follow Tech Observer on Google News

“We are thrilled that Shazam and its talented team will be joining Apple. Since the launch of the App Store, Shazam has consistently ranked as one of the most popular apps for iOS," said Apple.

Google News

Apple said that it is acquiring popular music recognition app beating and Spotify to expand its music business. “We are thrilled that Shazam and its talented team will be joining . Since the launch of the App Store, Shazam has consistently ranked as one of the most popular apps for iOS,” said Apple.

and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users. We have exciting plans in store, and we look forward to combining with Shazam upon approval of today's agreement,” Apple said. Last week it was reported that Apple struck a deal with Shazam for a likely sum of nearly $400 million.

The report also said that Apple has been working on the deal for about five months and came after Shazam had been in talks with others, including Snapchat and . Built by Shazam Entertainment Ltd, a British app development company, Shazam is used by hundreds of millions of people each month to instantly identify music that's playing and see what others are discovering. Basically, Shazam recognises music. Users use its app to capture a clip of music that is playing. The clip is then matched with the large database to return the best result. Shazam, that reports over one billion downloads, also lets users identify any, TV show, film or advert in a jiffy, by listening to an audio clip or a visual fragment.

Shazam said: “We are excited to announce that Shazam has entered into an agreement to become part of Apple. “Shazam is one of the highest rated apps in the world and loved by hundreds of millions of users and we can't imagine a better home for Shazam to enable us to continue innovating and delivering magic for our users.”Some backstory about how the deal got done between the two: Launched in 1999 as an SMS code service, Shazam reportedly made $54 million in revenues in the fiscal year 2016. Apple has made some other acquisition as well, like buying Beats for $3 billion in 2014 which became the basis for Apple Music.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Sanjay Singh
Sanjay Singh
Sanjay Singh covers startups, consumer electronics and telecom for TechObserver.in
- Advertisement -
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

How AI power struggle opens up new frontier in global geopolitics

The far-reaching influence AI has on information processing, national security, military operations, the economy, and strategic decision-making is set to reshape the geopolitical landscape and redefine the power dynamics between nations.

RELATED ARTICLES