×
You will be redirected back to your article in seconds

Apple Is Buying Shazam: Acquisition of Music Recognition App Confirmed

It’s official: Apple is buying the music recognition service Shazam. “We are thrilled that Shazam and its talented team will be joining Apple,” the company said in a statement sent to Variety.

“Since the launch of the App Store, Shazam has consistently ranked as one of the most popular apps for iOS,” the statement continued. “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. We have exciting plans in store, and we look forward to combining with Shazam upon approval of today’s agreement.”

Additionally, Shazam released the following statement: “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. ”

Financial details of the acquisition weren’t disclosed by Apple, but the purchase price is reportedly around $400 million. Techcrunch was first to report about the acquisition Friday. Shazam was at one point valued $1 billion, and has raised more than $143 million from investors.

U.K.-based Shazam was founded in 1999, and initially launched as phone-based music recognition service that allowed users to identify songs by calling into a special number. These days, the company is better known for its music recognition apps, which have been downloaded more than 1 billion times across a variety of mobile platforms.

There is no word yet on what the acquisition means for Shazam’s existing business. Shazam has been working closely with Spotify in the past, allowing users of its app to add recognized songs to Spotify playlists and to listen to Spotify music directly from within Shazam’s app.

Shazam’s efforts to expand beyond music recognition have been a bit of a mixed bag. The company launched visual search in 2015, but failed to gain a lot of traction for the service. It has seen more success in a partnership with Fox for its competitive reality show “Beat Shazam.” The show, which has contestants trying to beat the company’s app in recognizing songs, first aired in May, and has been renewed for a second season.

Shazam is one of Apple’s biggest acquisitions to date. Apple used to shy away from big deals, and instead acquired smaller teams to build its own products in-house. However, Apple’s M&A appetite has been growing in recent years. In May, it acquired artificial intelligence startup Lattice Data for $200 million; a year before that, it spent the same amount for machine-learning startup Turi.

Apple’s biggest acquisition by far remains its $3 billion purchase of Beats Electronics in 2014.

More Music

  • PewDiePie - YouTube

    PewDiePie vs. T-Series: Channels Keep Battling for No. 1 YouTube Channel Spot

    UPDATED: T-Series pulled ahead of YouTube’s PewDiePie as the No. 1 most-subscribed channel on the platform — before PewDiePie’s fans rallied once again to put him on top. In a months-long symbolic running battle for the title, PewDiePie and his fans have waged a concerted campaign to fend off the steady encroachment by T-Series, India’s top [...]

  • Songs for Screens Powered by Mac

    Songs for Screens: Shaed Is the Latest Act to Get Rocket Fuel From an Apple Ad

    Nearly 16 years after the first iPod silhouette commercials became instant music-marketing vehicles for bands big, small and critically beloved, the so-called “Apple effect” continues to show little signs of fatigue. Just ask acts like Marian Hill, Sofi Tukker and Billie Eilish, who all scored recent chart hits as a direct result of their music’s [...]

  • R Kelly Sexual Assult Accusations Mugshot

    R. Kelly to Request Permission to Leave Country for Dubai Concerts

    R. Kelly’s lawyer Steven Greenberg will file a motion on Friday to request that the singer can fly via private jet to Dubai next month to perform at a set of previously scheduled concerts, according to ABC News. Greenberg confirmed the report to Variety. The matter will be taken up at a hearing in criminal [...]

  • Childish Gambino Concert Review

    Childish Gambino, Twenty One Pilots, J Balvin, Chainsmokers Join Lollapalooza 2019 Lineup

    Lollapalooza announced its full lineup this morning, which sees headliners Childish Gambino, Twenty One Pilots, the Strokes, Flume, the Chainsmokers and J Balvin joining previously announced performers Ariana Grande and Tame Impala. The long-running festival will feature more than 170 bands on eight stages across four days, August 1-4 at Grant Park in Chicago. The [...]

  • Jay-Z

    Jay-Z's 'Blueprint' Named to National Registry, Along With 'Schoolhouse Rock,' 'Superfly,' Nina Simone and More

    “Minnie the Moocher,” meet “The Blueprint.” The recordings being inducted into the Library of Congress’s National Recording Registry for 2019 range from Cab Calloway’s 1931 signature single to a landmark 2001 Jay-Z album, with stops along the way for Neil Diamond’s “Sweet Caroline,” Curtis Mayfield’s “Superfly,” Earth, Wind & Fire’s “September” and Cyndi Lauper’s “She’s [...]

  • Little Mix Star Jesy Nelson Making

    Little Mix's Jesy Nelson Making BBC Documentary About Mental Health and Body Image

    Little Mix star Jesy Nelson is making a one-off documentary for the BBC in which she will explore issues surrounding body shaming and mental health in the age of social media. “Jesy Nelson: My Story” will launch on the BBC’s youth-skewed online channel BBC Three and then play on BBC One. Girl band Little Mix [...]

More From Our Brands

Access exclusive content