Report: Apple is buying audio recognition app Shazam Shazam has been around forever—or since 1999, to be exact. The app can listen to and identify audio in music tracks, TV content,. (2019) on IMDb: Movies, TV, Celebs, and more. Production Companies. DC Entertainment; DC Comics; New Line Cinema. Is located in Johnston, IA, United States and is part of the Managed Application & Network Services Industry. Has 780 total employees across all of its locations and generates $96.60 million in sales (USD). There are 5 companies in the Shazam, Inc. Corporate family. Identify the music playing around you. Explore the music you love. Discover songs, lyrics, and artists on Shazam.
Apple closed its acquisition of Shazam towards the end of 2018, but it was still early to have an impact on Shazam’s financials. As detailed by Billboard, Shazam increase its user base and became profitable during 2018.
In financial results submitted to the U.K. Companies House this week, Shazam revealed that its user base reached 478 million users in 2018, up from 400 million users during 2017. Revenue for Shazam was down from $44.8 million in 2017 to $34.5 million.
The change in revenue can be attributed to Apple removing all advertisements from the Shazam app in September. Profit for Shazam hit $158.4 million in 2018, compared to the loss of $19.4 million that it suffered in 2017. Lastly, the average number of monthly employees for Shazam fell from 225 in 2017 to 216 in 2018.
In the filling, Shazam says that “relates to the proceeds from the sale of intellectual property” and the “value attributed to the workforce of Shazam Media Services which was acquired by Apple.”
Even before its acquisition of Shazam officially closed in September, Apple began implementing the music tagging service’s features throughout iOS. For instance, in August, Apple launched a new Apple Music trending chart called the “Shazam Discovery Top 50.” How to download metal 2 for mac.
Apple has also implemented Shazam into its Apple Music for Artists platform as well as in various other spots through iOS and the HomePod.
When Apple announced the Shazam acquisition, it teased big plans for the music tagging service:
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.
Read more about Shazam:
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| Operating area | United States |
|---|---|
| Members | ±100s |
| ATMs | ±1000s |
| Founded | 1976; 45 years ago |
| Owner | Owned by its members (Not-for-profit corporation) |
| Website | www.shazam.net |
SHAZAM is a United States-based interbank network and EFTPOS network headquartered in Johnston, Iowa that operates primarily in the Midwest of the US. The network was founded in 1976 and is a member-owned financial services and payments processing company.[1][2]
Shazam Company
SHAZAM is a single-source provider of debit cards, automated teller machines (ATMs), merchant, marketing, training, risk, fraud prevention and ACH Network services.[3]
They are partnered with Presto!, a similar network covering the southeastern part of the US.
See also[edit]
References[edit]
- ^'Here are the credit card networks you need to know'. Business Insider. December 22, 2016.
- ^'Shazam names new president'. atm marketplace. August 26, 2014.
- ^'CO-OP Financial Services and SHAZAM Network announce sharing agreement'. Co Op financial services. 17 October 2012.
Shazam Headquarters