Apple is acquiring music recognition app Shazam

According to TechCrunch, sources with knowledge of the matter claim Apple is about to finalize a deal to buy Shazam. The good news from that was that it was only a quarter of its reported $20 million in losses from 2015.

Neither company has confirmed talks. The app can listen to and identify audio in music tracks, TV content, and advertisements. Shazam says that its app has been downloaded in 190 countries over 1 billion times.

A decade ago, Apple's iPhone helped make a music-tech star out of Shazam, the app that, nearly like magic, could identify a song just by hearing a few seconds of it. Shazam has raised $143 million since 2002, and finally made a profit of $54 million past year due to advertising revenues.

Over the years, Shazam has raised more than $143 million in funding, and in 2015 it reached a $1 billion valuation, which is significantly higher than the price Apple is reportedly expected to pay.

Sri Lanka ODI team stopped from travelling to India; here's why
Sri Lankan sports minister has finally approved nine cricket players to leave for India for upcoming ODI series against India. The press agency says the nine players involved were led by captain Thisara Perera.

The company's CEO Rich Riley noted earlier this year, however, that operating at or near profitability is the intention as it's been growing; and he also hinted that the company was, as a result, likely an acquisition target. It could be a done deal or Apple could have called Shazam's people up yesterday.

Whether Apple would continue to allow Shazam to link out to other streaming options like Spotify and YouTube remains to be seen.

Apple would obviously want to use Shazam to bolster its music business - and drive sales and subscriptions from users who "Shazam" songs. So Apple must think the brand itself has value, and it's reasonable to assume it will integrate the feature into its iOS operating system.

Related news:

Hot News

isis-killer-beheading-video-story-top Lionel Messi lobbies for Gonzalo Higuain return to Argentina side
Dec 08, 2017 - 00:05
We spoke about it through messages, it was a good thing that he had this period of absence. We are the first ones to want to win with the national team.

isis-killer-beheading-video-story-top Guardiola: Silva Doubtful For Manchester Derby, City Not UCL Favourites
Dec 07, 2017 - 00:21
Gale feels City pose too strong a threat for United to press and claims Guardiola's men could "pierce them apart". He said: "Maybe [it is] good for me to get a little bit of rest and prepare myself for Sunday".

isis-killer-beheading-video-story-top Gujarat elections: Why Congress is linking Ram Mandir to polls, asks Modi
Dec 07, 2017 - 00:18
Kapil Sibal argued the case in Supreme Court as a Congress leader and not on behalf of the board, Sunni Waqf Board member Haji Mehboob said.

isis-killer-beheading-video-story-top Rep. John Conyers not seeking re-election after term
Dec 06, 2017 - 00:24
Gaddis also asked Conyers whether he believes the allegations that have been made against him will impact his legacy. The reports cite conversations with Conyers' grandson, Ian Conyers. "Many of us support those bills".

isis-killer-beheading-video-story-top Kevin Durant, DeMarcus Cousins both tossed
Dec 06, 2017 - 00:24
The Advocate also confirmed extra security was brought in to keep Cousins and Durant apart after the game. We're a championship team. "I got to be more focused, I got to be more poised", he said.

isis-killer-beheading-video-story-top Mattis Visits Pakistan Amid Concerns Over 'Terrorist Safe Havens'
Dec 05, 2017 - 01:49
When asked if he would "prod" Islamabad to take more action, he replied: "That's not the way I deal with issues". Saeed heads the UN-listed terrorist group Jamaat-ud-Dawa and has a $10 million USA bounty on his head.

isis-killer-beheading-video-story-top Amazon Australia is live, Prime to launch in mid
Dec 05, 2017 - 01:48
The in-app feature, built using Apple's ARKit, lets users visualize items inside their homes before making a purchase. Find out more about this machine-learning innovation with our Alexa smart person's guide.

isis-killer-beheading-video-story-top Bitcoin Monthly Outlook - December 2017
Dec 05, 2017 - 01:45
Bitcoin trading markets seem to have already priced the CBOE's move into their assessment of the cryptocurrency's price. The Chicago Mercantile Exchange also said Friday that it will start offering bitcoin futures trading on December 18.

isis-killer-beheading-video-story-top We've been expecting Atiku's return to PDP -Makarfi
Dec 04, 2017 - 00:28
On whether Atiku's exit from the APC has any effect on Buhari , she said: "The president is not perturbed at all, he is not moved in any way".

isis-killer-beheading-video-story-top Senate moves closer to vote on sweeping tax-reform bill
Dec 03, 2017 - 00:43
But his vote probably won't matter: Even without Corker, Republicans appear to have the votes they need to pass the bill anyway. Daines reached an agreement with leadership to raise the amount of pass-through income business owners can deduct.

isis-killer-beheading-video-story-top Missing Florida teen spotted in NC found safe in NY
Dec 03, 2017 - 00:40
Authorities scheduled a press conference for Monday with more updates. "I know that she to some degree left on her own". Rodriquez was taken into custody without incident and Frisina was detained.

isis-killer-beheading-video-story-top Tiger Woods' Masters odds just went way down
Dec 02, 2017 - 00:42
Charley Hoffman put on a show of his own in the second round, carding 12 birdies, including five straight to close out his round. NASSAU, Bahamas - Tiger Woods offered a blast from the past on Friday afternoon - and just maybe a glimpse into the future.

isis-killer-beheading-video-story-top Philippines manufacturing PMI rose to 54.8 in November
Dec 02, 2017 - 00:40
The manufacturing PMI data suggests that both domestic demand and exports have recovered in November , after a weak October. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction, Nikkei explained.

isis-killer-beheading-video-story-top Blake Farenthold used taxpayer money to settle sexual harassment claim
Dec 02, 2017 - 00:39
Two sources familiar with the case confirmed to NBC News that settlement was for the complaint against Farenthold. Tune in to KXAN News at 5 pm and 6 pm for reaction and more details as this story develops.

isis-killer-beheading-video-story-top Jurors Find Kate Steinle's Alleged Killer Not Guilty of Murder
Dec 01, 2017 - 05:40
During the presidential race, then-candidate Donald Trump cited the killing as a reason to toughen USA immigration policies. Zarate had been deported five times and was wanted for a sixth deportation at the time of Steinle's death.