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EDM.com Spotlight

Apple has Officially Purchased Music Recognition App, Shazam

This past Monday, Apple purchased Shazam; the music recognition app that we’ve all come to love since it first released on the App Store. Rumor has it Apple purchased the app for just $400 million. Both parties confirmed that the deal was finalized on Monday. Check out Apple spokesperson Tom Neumayr’s statement via Business Insider:

“We are thrilled that Shazam and its talented team will be joining Apple. Since the launch of the App Store, Shazam has consistently ranked as one of the most popular apps for iOS. 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.”

Large companies and corporations buying out apps isn’t anything new. In March of 2012, Facebook purchased Instagram for a whopping $1 billion. They’ve also attempted to acquire Snapchat in recent years. Apple’s last notable purchase was Beats in 2014, shelling out $3 billion to take over the profitable business.

While Apple hasn’t issued a statement detailing their plan for Shazam, we can assume they’ll keep the service available and attempt to integrate it into iOS soon.

H/T Business Insider

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