Apple is Apparently Acquiring Shazam

10 December, 2017, 02:24 | Author: Archie Newman
  • Shazam!
Apple
May
Acquire
the
Popular
Music
Recognition
Service

Later that year, it arrived on Android, and it has continued to maintain a strong userbase.

Apple is closing in on a deal to buy Shazam, the popular phone app, and sources put the price tag at about $400 million, according to reports from TechCrunch and Recode published Friday. Truthfully, there have been many rumors as to how much exactly the popular technology company will be buying Shazam for.

Shazam last noted that it passed 1 billion downloads, but that was back in September 2016, meaning those numbers are likely higher now. The service is already integrated into Apple's Siri voice assistant, similar to the "What's this song" command in Google Now/Assistant.

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. 20 million times a day. If Apple willed in saying that it wants its own version of Google Lens, then that might be a good place to begin.

North Korea open for U.S. dialogue, says Russia's Lavrov
Ri held a conversation with Feltman, who also paid a courtesy visit to the Supreme People's Assembly (North Korea's Parliament). Feltman's visit to the North was made known in Pyongyang's state media on Friday, South Korean television network SBS reported.


Priyanka Chopra becomes most attractive woman of 2017 in Asia
Voted the sexiest Asian woman for the fifth time, she just had to thank her parents for passing on the '"sexiest" genes. Talking about the honour, Priyanka Chopra however gives the credit for featuring on the list to genetics and optics.


Unlocked HTC U11 to get Android 8.0 Oreo update today
The update is 1.2GB in size and brings popular Oreo features like Picture-in-Picture mode (PiP), Adaptive Icons, and more. Running HTC Edge Sense user interface, the handset comes with 8 sensors on the sides to register the squeeze.


Shazam's app now lets users identify and share audio, TV shows, printed material (such as magazine ads and movie posters) and augmented-reality content.

Apple is on the verge of acquiring Shazam for $400 million, according to multiple reports, far less than a recent $1 billion valuation.

The move would make sense for Apple on a few fronts. After the acquisition, the existing products of Shazam would blend with Apple.

Shazam CEO Rich Riley previously told Business Insider that the company would make sense insider a larger company looking for a foothold in music or advertising. But in 2016 the company had pulled down to revenue of $54 million, whilst losing $5.3 million in the year was a sign that it had a long path to go.

Recommended:



Popular

IPL 2018: MS Dhoni set to reunite with Chennai Super Kings
MS Dhoni's rumoured comeback to Indian Premier League franchisee Chennai Super Kings (CSK ) might soon turn true. Interestingly, the GC made a decision to let the teams retain a maximum of 3 capped Indian cricketers.

SMU's Chad Morris to be hired as Arkansas head coach
He was the offensive coordinator and quarterbacks coach for Clemson from 2011-2014. In his first year at SMU, the Mustangs went 2-10.

Subpoena for Deutsche Bank may put Mueller on collision course with Trump
Though Flynn already admitted that other top transition officials - including Jared Kushner, the president's son-in-law, and K.T. Deutsche Bank is not the only Trump-related business interest that is attracting the attention of investigators.

Young rapper and grandma become best friends over Words with Friends
Yet the two became unlikely friends as they continued to play Words with Friends matches against one another. Thanks to the pastor of Riverside Church in Morningside Heights, they finally met face-to-face.

'House Of Cards' Will Get One More Season - Starring Robin Wright
Allegations of "on-set sexual misconduct" by members of the House Of Cards production crew have also been levelled against Spacey. Spacey has said that he owed Rapp "the sincerest apology for what would have been deeply inappropriate drunken behavior".

Mueller Reassigned Top FBI Agent in Russia Probe over anti-Trump Texts
The precise content of Strzok's text messages is unknown, and it remains unclear whether Horowitz will make them public. However, the President later backed down.

'Grave provocation': North Korea condemns air-war games
McMastersaid Saturday that the chances of war between North Korea and the United States are "increasing every day". North Korea has warned that a "reckless" joint military drill by the US and South Korea could spark a nuclear war.

Nathan Redmond explains what Pep Guardiola said to him
City host West Ham at 16:00 GMT on Sunday, while Southampton travel to south-coast rivals Bournemouth at 13:30 on the same day. "If people don't believe me, we should cancel the press conference".

Ignoring Trump, North Korea tested another ballistic missile over the Pacific
Long gone are the days when the president mused about cutting deals with his Democratic counterparts "Chuck and Nancy". It's not going to make any difference", Warren said. "Now it's even worse; it's not even talk", Mr.

Quake in DE felt in NYC
The tremors were felt in Atlantic City, where Gino Martinelli, 67, said his house seemed to turn to rubber for about four seconds. However, in DE , the quake jolted downtown Dover, sending lawmakers and workers in the statehouse outdoors to see what happened.