The fact that it brought out around $54 million as revenue in 2016 didn’t help either.
#WHO OWNS SHAZAM MOVIE#
Shazam is an android app too, and apple can definately use a little outside information from those millions of Android users.īut most music industry enthusiasts believe that the app doesn’t have much of a standalone purpose even with the company’s initial evaluation of $1 billion dollars, and now being sold for $400 million. Do you remember the ‘90s movie Shazaam that stars the comedian Sinbad as a genie who appears to a pair of kids to help them deal with a tragic time If so, Sinbad’s kids say you might want to double check your memory on that one. The musical preference of millions of users outside its ecosystem is also something to think about. The most important subject of this aquisition is the data that Shazam holds. Shazam’s abilities can very well be put to good use as iPhone X’s exclusive features. There are also other aspects like the augmented reality. The service can very well go hand in hand with Siri, unlocking a new platform of abilities. Other than possibly eliminating one of their biggest music streaming rivals, there are a few other reasons why Apple aquired Shazam.
And that is a huge number, in any case, Spotify happens to lose all those referrals. The music recognizing app actually delivers around a million clicks to apple music and Spotify through referrals. A smart decision for Apple Music, which will perfectly go hand in hand with Shazam. And why would it not, an app that can recognize any song in seconds, find lyrics, provide links to buy them, and even find tickets to the artists’ concerts.Īpple has acquired Shazam for around $400 million. Shazam one of the most popular apps that answers a very important question – “What’s that song?” The app has over a hundred million downloads in Google’s play store alone.
If you don’t know what Shazam is, you are probably missing out on something.
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