{"id":98303,"date":"2021-01-27T13:13:26","date_gmt":"2021-01-27T13:13:26","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?post_type=companies&p=98303"},"modified":"2021-02-04T16:48:43","modified_gmt":"2021-02-04T16:48:43","slug":"shazam","status":"publish","type":"companies","link":"https:\/\/www.musicbusinessworldwide.com\/companies\/apple\/shazam\/","title":{"rendered":"Shazam"},"content":{"rendered":"

Shazam is a music identification and analytics platform owned by Apple Inc.<\/p>\n

Shazam was launched in the UK in 2000 by Shazam Entertainment Ltd, a company established in 2000 and co-founded by Chris Barton, Philip Inghelbrecht, Avery Wang, and Dhiraj Mukherjee.<\/p>\n

In November 2020, Shazam announced that it had surpassed 200 million monthly active users worldwide.<\/p>\n

Prior to the news of the app surpassing 200 million MAUs<\/a>, the most up-to-date Shazam user figures arrived in 2019, when the UK-born firm posted its financial results through Companies House in the UK for the year ended December 31, 2018.<\/p>\n

At the time, the\u00a0company revealed<\/a>\u00a0that it had 478m active annual users in 2018, up 78m from 400m the previous year.<\/p>\n

\n
Shazam finances and acquisition by Apple<\/h6>\n

Apple acquired Shazam for around $400 million in 2018, after an EC investigation into potential anti-competitive effects cleared the takeover in September that year.<\/a><\/p>\n

Shazam Entertainment Ltd’s final set of published accounts with UK Companies House<\/a>, for the year to end of 2018, show that the company generated GBP \u00a331.42 million in the 12 months.<\/p>\n

That was down on the \u00a340.84 million Shazam generated in the calendar year of 2017.<\/p>\n

\n
<\/figure>\n
\n

Shazam’s operating loss narrowed in 2018, down to \u00a313.81 million from \u00a317.82 million in the prior year.<\/p>\n

Thanks to a \u00a3157 million bump from the disposal of assets, Shazam turned a net profit in 2018 of \u00a3123.95 million, up from a \u00a317.74 million net loss in 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shazam was acquired by Apple Inc for a reported $400 million in 2018<\/p>\n","protected":false},"featured_media":48233,"parent":98116,"menu_order":0,"template":"","class_list":["post-98303","companies","type-companies","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/98303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/companies"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/98303\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/98116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/48233"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=98303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}