music tech
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Shazam is finally profitable after a billion downloads
Shazam, the mobile and desktop app that acts as a digital ear and song identifier, crossed the 1 billion download mark recently, according to a report from Billboard on Thursday. The London-based company, Shazam Entertainment Ltd., also announced that it has achieved profitability, at long last, thanks to a new focus on advertising sales, alongside revenue from commissions on digital… Read More
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Kobalt Quietly Acquired AMRA To Launch Its Own Global Collection Group For Digital Music
Kobalt, the London-based startup that has built big-data technology to track and collect digital music royalties from across multiple streaming platforms, is turning up the volume on its business. The company has quietly acquired and redesigned one of the main collection agencies in the U.S. — the American Mechanical Rights Agency. The new organization — which was “small… Read More
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