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Another multi-million pound investment for Shazam

America Movil, which is Latin America’s largest mobile telecom network operator, has invested $40 million (£26.8 million) in UK-based mobile music recognition and media engagement company Shazam.

The money will help accelerate Shazam’s growth as well as funding its expansion into television and the development of new products.

Carlos Slim, who’s a major shareholder in the company, said “Shazam is defining a new category of media engagement which combines the power of mobile with traditional broadcast media and advertising to create compelling value added experiences for consumers, content providers and brands. We are excited to bring this innovation to America Movil subscribers as we continue to further differentiate our services as the market leader in Latin America.”

Shazam currently has over 350 million users worldwide, with more than 70 million people using the service every month. The service drives digital sales of over $300 million a year through its affiliate partners.

In 2011, Shazam raised $32 million in new funding from a group of investors.

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Opinion Articles

How AI technology is transforming the smartphone experience

How AI technology is transforming the smartphone experience

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By incorporating advanced algorithms and machine learning capabilities, AI can help to optimize a smartphone's performance, providing users with a faster, more efficient and user-friendly experience.
Author: The Fonecast
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Whatever happened to all my tech?

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Mark Bridge revisits his mobile technology reviews

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Author: The Fonecast
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Predictions for 2016: Network Function Virtualisation, 4G throttling and video calling

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He says next year will be a year of rapid change for telecoms… whether it’s MVNO disruption, competitive tariff pricing or simply defence from the ‘dark art’ of hacking.

Author: The Fonecast
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Kapture review: the audio-recording wristband

Kapture review: the audio-recording wristband

A 'recording watch' that links to your smartphone

Mark Bridge writes:

The most memorable moments in life often go unrecorded. You don't have your camera in your hands. Your finger is still hovering over the 'pause' button on your audio recorder. Or you were simply too busy experiencing whatever was happening. It's all about the one that got away.

That's where Kapture can help.

Author: The Fonecast
4 Comments
Article rating: 4.0
Making mobile websites work better

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James Rosewell shows me a colourful roll of paper that's the width of an iPhone but well over three metres long. When I look closer, I can see it's a printed copy of the Wall Street Journal's mobile website. That's a lot of scrolling to do... and a pretty unfriendly user experience for anyone reading the news online. Why does it work so badly?

Author: The Fonecast
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Article rating: 4.0
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