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Apple to buy music-recognition app Shazam | Macworld
The deal is reportedly worth $400 million.
After rumors started swirling around a few days ago, Apple has confirmed to BuzzFeed News that it is indeed buying the music-recognition app Shazam. The acquisition price was not revealed, but is reportedly around $400 million. That’s a far cry from the Shazam valuation of $1 billion the company was claiming in its last round of fundraising (in 2015), but the world of streaming music services has evolved since then.
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple buys the music discovery app Shazam - The Washington Post
Apple on Monday confirmed it has bought Shazam, the music app that can identify a song by hearing just a snippet of it. The acquisition boosts Apple's position in the music world and advances its artificial intelligence efforts.
Shazam, launched in 1999, claims that at least 1 billion people have downloaded its app and used it to identify songs at least 30 billion times. Its service was one of the first AI products to be used by a broad audience. As Apple faces other tech giants in this increasingly competitive arena, analysts say Shazam could add significant value not only with its own service but also by making Apple's AI products — namely Siri — smarter about music.
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple Buys Shazam, Music Discovery Service App Worth $400M | Fortune
Apple has confirmed its plan to acquire the music-discovery service Shazam.
In a statement to Fortune, an Apple spokesperson said that the tech giant is “thrilled that Shazam and its talented team will be joining Apple.” While the Apple spokesperson didn’t share terms of the deal, the statement did say that “Apple Music and Shazam are a natural fit,” suggesting the service could be integrated into Apple’s own music streaming app.
The U.K.-based Shazam was founded in 1999 but came into its own in 2008 when its mobile app debuted on the iPhone. The app allowed users to quickly identify from the app which song was playing. The company’s music-discovery service would then provide a link to iTunes, where users could quickly buy the app from Apple’s online store. An Android version of the app was released later that year.
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple Confirms Acquisition of Shazam, Calling It a 'Natual Fit' | Billboard
Apple has confirmed the acquisition of London-based music discovery app Shazam in a sale reported to be in the ballpark of $400 million. In a statement provided to Billboard, Apple declined to go into specifics about financial aspects of the deal, but said it was "thrilled" to bring the Shazam team over to the Apple Music team in Cupertino.
"Since the launch of the App Store, Shazam has consistently ranked as one of the most popular apps for iOS," the company said. "Today, it’s used by hundreds of millions of people around the world, across multiple platforms. Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users."
The company teased, "We have exciting plans in store, and we look forward to combining with Shazam upon approval of today’s agreement."
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple has bigger plans than just song ID with Shazam deal | Computerworld
Analyst spells out how Apple could generate revenue by baking 'audio fingerprinting' technology into iOS
Apple will integrate music identification technology created by Shazam into the next version of iOS, according to a report by Bloomberg.
But while most observers, including Bloomberg, focused on the obvious plays for Apple, others see much more in the deal and believe that Apple's intent goes far beyond simple song naming.
In a story Thursday, Bloomberg, citing "two people with knowledge of the product," claimed that Shazam's song ID feature would be integrated into iOS 8 in the same fashion that Twitter was earlier.
apple  music  shazam  M&A 
19 hours ago by rgl7194
10 reasons why Apple should acquire Shazam | Computerworld
Apple confirms it is buying Shazam, the leading music recognition service. Here are just 10 reasons why the deal makes sense.
TechCrunch claims Apple will purchase leading music recognition service, Shazam. Apple has now confirmed the deal. Here are just 10 reasons such a deal makes sense:
Shazam’s Apple story
Founded in 1999, Shazam first came to prominence on Apple’s platforms as a great tool for iPod users. Years later, it became one of the first apps to appear on the App Store, and it was one of the first available iPad apps too.
"Shazam was one of the inaugural apps available when the App Store launched nearly two years ago and we are delighted to be available for iPad at launch as well,” said Andrew Fisher, CEO of Shazam at the time.
This long story has other chapters, of course, but for Apple, the notion of bringing such an important historical partner into the fold has a built-in synchronicity that has stood the test of time.
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple Acquiring Music Recognition App Shazam | Pitchfork
An Apple spokesperson promises “exciting plans in store”
Apple is acquiring Shazam, the popular app that lets people identify any song, TV show, film or advertisement by listening to and recognizing audio, Apple and Shazam representatives have confirmed to Buzzfeed. “Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users,” Apple spokesperson Tom Neumayr said. “We have exciting plans in store, and we look forward to combining with Shazam upon approval of today’s agreement.”
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple acquires song identifying app Shazam for undisclosed sum
Apple on Monday confirmed that it has purchased popular service Shazam, an app that listens for and identifies songs. It was rumored that the deal was for about $400 million, but no official sale price was given.
Apple announced the acquisition in a statement to BuzzFeed News, noting that Shazam has consistently been one of the most popular applications available to download on the iOS App Store. The company said that Shazam boasts hundreds of millions of users around the world on multiple platforms.
"Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users," Apple spokesperson Tom Neumayr said. "We have exciting plans in store, and we look forward to combining with Shazam upon approval of today's agreement."
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple confirms it’s buying Shazam – BGR
Apple has confirmed reports that it’s buying Shazam, the ubiquitous music-recognition app. Rumors of an acquisition were first reported by TechCrunch on Friday, before being confirmed by the Financial Times. 
The purchase price has not been disclosed, but it’s believed to be in the region of $400 million. That would be a significant exit for a company that’s been in the business since the 1990s, but the valuation would be far less than the $1 billion Shazam has previously raised funds at.
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple confirms deal to buy music discovery app Shazam
SAN FRANSICO (Reuters) - Apple Inc (AAPL.O) on Monday confirmed it had reached a deal to acquire Shazam Entertainment Ltd, the U.K.-based app that lets users identify songs by pointing a smart phone at the audio source.
Apple did not give a price for the acquisition. Technology news website TechCrunch reported the deal on Friday with a price of as much as $400 million, far short of the most recent $1 billion valuation for privately held Shazam.
Apple said Shazam would be a “natural fit” with its Apple Music streaming service and it would help users discover new songs. Apple Music has 27 million users and competes against Spotify Ltd, which has 60 million users. Apple said Shazam’s team would be joining the Cupertino company.
apple  music  shazam  M&A 
19 hours ago by rgl7194
Shazam! Apple chucks £300m at Brit what's-that-song app – report • The Register
That's a lot of money just to blast U2 at it
British music ID service Shazam is to be bought by Apple, in a deal reported to be worth £300m ($401m).
The purchase, revealed by TechCrunch, is likely to be formally announced today. The site's sources say that the value of the buyout is in the nine-figure range, with one believing the deal will be worth around £300 million.
Shazam was founded in 1999 and started as a phone call-based service in 2002, listening to 30 seconds of a track then sending the user its title and artist via text message. It is now able to identify print and audio adverts and TV programmes, offering links to related information and content. It also allows users to follow their favourite artists to see what they have been discovering via the app.
It has appeared on Apple's App Store (as well as its rivals) since 2008, and was integrated with Snapchat in December 2016. It is also available on Apple Mac, and on the wrists of Apple Watch owners
Shazam passed 1 billion downloads in September 2016, and as of this year, is now profitable, making £40.3m ($54m) during its 2016 financial year. ®
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple confirms it's buying music recognition app Shazam
No terms were disclosed.
Well, that was fast. Following reports on Friday that Apple was planning to buy music recognition app Shazam, CNBC reports that Cupertino has confirmed the purchase. Terms of the deal weren't disclosed, but TechCrunch estimates the agreement to be worth around $400 million. The site was also the first to report news of the acquisition Friday afternoon.
"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," Apple said in a statement to CNBC. "Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users."
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple buys Shazam music recognition app
LOS ANGELES — As expected, Apple Monday acquired the struggling Shazam, one of the first music apps used with the iPhone when the device originally launched. 
Shazam is used to discover music, by using the smartphone microphone to identify songs. While its heyday was several years ago, when the technology seemed novel, Shazam has been struggling to find a business model that works in today's world, analysts say. 
Apple said it would use Shazam and its development team to beef up Apple Music, the streaming subscription service that is No. 2 to Spotify. 
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple Said to Be Acquiring Shazam, the Song Identifying App - The New York Times
A decade ago, Apple’s iPhone helped make a music-tech star out of Shazam, the app that, almost like magic, could identify a song just by hearing a few seconds of it.
Now, Shazam is about to become the property of Apple.
The tech giant is close to to acquiring Shazam, according to a person with knowledge of the deal who was not authorized to discuss it. News of the deal was first reported by TechCrunch.
The price was not known, but was expected to be far less than the $1 billion that Shazam was valued at in its most recent fund-raising round in 2015. Over the years, Shazam has been a frequent subject of speculation about an initial public offering.
apple  music  shazam  M&A  nytimes 
19 hours ago by rgl7194
Apple to buy Shazam to beef up Apple Music - CNET
It's not quite $3 billion for Beats, but still: Apple confirms it'll buy the music recognition app to bolster its Spotify competitor, Apple Music.
Apple on Monday confirmed its acquisition of music recognition app Shazam, saying it's "thrilled" to be gaining one of the consistently most popular apps in its App Store.
"Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users," the company said in a statement. "We have exciting plans in store, and we look forward to combining with Shazam upon approval of today's agreement."
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple buys Shazam and says it has ‘exciting plans in store’ | The Independent
The deal is thought to be worth around $400 million
Apple has bought Shazam, the music recognition app.
The two companies say they have "exciting plans in store".
Neither company has confirmed the value of the deal, though it's thought to value Shazam at around $400 million. Other tech companies including Snapchat and Spotify are thought to have expressed interest in buying the London-based music app, which is being sold at a major discount compared to recent valuations.
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple Acquires Shazam and Says 'Exciting Plans' Are Ahead - Mac Rumors
Apple today announced it has acquired music recognition service Shazam, marking the company's highest-profile purchase since it acquired headphone maker Beats for a confirmed $3 billion in May 2014.
Apple did not disclose financial terms this time, but when TechCrunch broke news of the acquisition plans last week, one of its sources said the deal could be worth around $400 million. Shazam was valued at $1 billion in January 2015.
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple confirms it will buy Shazam music-recognition app
Apple on Monday confirmed its plan to buy Shazam, the UK-based music-recognition app, in its biggest acquisition since Beats three years ago.
“We are thrilled that Shazam and its talented team will be joining Apple,” Apple said on Monday. “Apple Music 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.”
Terms of the deal were not disclosed. People familiar with the matter have pointed to a valuation of around $400m — less than half Shazam’s valuation after a private financing in 2015.
apple  music  shazam  M&A 
19 hours ago by rgl7194
Apple Acquires Music Recognition App Shazam - Rolling Stone
"Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users," company says
Apple confirmed Monday that it is in the final stages of acquiring music recognition app Shazam.
"Apple Music and Shazam are a natural fit, sharing a passion for music discovery and delivering great music experiences to our users," Apple said an statement. "We have exciting plans in store, and we look forward to combining with Shazam upon approval of today's agreement."
apple  music  shazam  M&A 
19 hours ago by rgl7194
It's official: Apple is buying Shazam - Business Insider
Apple has bought Shazam, one of the early hit iPhone apps.
The Shazam app allows users to identify the music that's playing nearby, such as a song in a restaurant or cafe. It also had augmented reality technology and an advertising business.
No price was included in the announcement, but a source tells Business Insider it was around $400 million.
apple  music  shazam  M&A 
19 hours ago by rgl7194

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