Shazam’s Matching Algorithm Can’t Seem to Identify Money…

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Shazam is integrated into iOS 8, the mobile software for Apple devices that was just released. The integration allows users to ask Siri which song is playing, and get an immediate answer. This move is guaranteed to significantly raise Shazam’s user base, which could help with their  current financial situation.

Sounds great, except for that giant sucking sound in the background.

The London Standard reports that Shazam’s pre-tax losses were £5.3 million ($8.65 million) in the second half of 2013. This is up from losses of £1.3 million ($2.12 million) in the entire previous year.

Shazam’s revenue in the second half of 2013 was £16.9 million ($27.57 million). This is on track with the previous year’s £31 ($50.57) million in revenue.

Shazam has been investing in marketing as they try and pull in more ad revenue.


Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u

Image: ‘Shazam Unveils Full Redesign and Major Evolution to Content Platform‘ by Shazam, licensed under Creative Commons Attribution 3.0 Unported (CC BY 3.0).

16 Responses

  1. Willis

    They needs someone to buy them and keep the service alive inside another more successful venture.

    • Remi Swierczek

      They need to be converted to MANDATORY cashier of discovery moment monetization.
      Shazam would probably love it!
      The problem we have is a larger Shazam, also known as Google! This adholic does not need any money so the music will stay in the open until we bust the religion of ads around FREE MUSIC!

        • Remi Swierczek

          TuneHunter has a human behind it.
          In line with my Twitter struggle @remidss

          There is no doubt in my mind that my Discovery Moment Monetization is a slam dunk!

          • danwriter

            I figured that out a few days ago. Same tortured syntax, Lefsetz CAPS, etc. But an ecouraging sign amidst the ongoing avalanche of Anonymouses.

          • Hippydog

            I typed the name into Google and up came a wiki page..
            The wiki page had the same weird syntax and spelling mistakes (that I have learned to associate with tunehunter)..
            IE: I think the guy wrote is own Wikipedia page ..

          • Remi Swierczek

            Wow! What a spy you are!

            Misspelled or not my vision is crisp and clear. $100B music industry is SIMPLY unavoidable.

      • Hippydog

        How to fix the music biz

        1.) Stop asking the venues to pay when music plays. Start asking the people who are playing the music in public to pay.. Small distinction I know.. but important.

        2.) Expand the powers of the PROS (Performance Rights Organization), & the Collectives.. Basically, for anything broadcast (Venue, TV, Radio, Streaming, Websites, podcasts, yada yada).. ANYTHING.. It goes thru the PRO’s … The PRO’s then pay the artist/label..

        3.) How do they track who should get paid? ANYONE who wants a license (one off licence for a specific song, or a blanket yearly licence, it doesn’t matter)… Must provide a list of what was played and for how many people, and then pay on the agreed amount (depending on the circumstances)

        4.) allow the music to be sold auction style, or at least “tiered”, Not all music is equal in price, the market should reflect that..

  2. Remi Swierczek

    Not big deal!
    Carlos Slim will transfer another $40M to keep all the freeloaders in Central and South America in contact with torrents!

  3. Anonymous

    Shazam is no longer a digital music tech company. Their entire future and valuation is based on being able to demonstrate increased engagement with TV ads–a market 30x the size of music.

    • jw


      Shazam invested all of that money in changing the direction of the company. This news has nothing to do with music.


      • Remi Swierczek

        Shazam has been for last 13 years and is today the biggest MOOCH of the music industry.

        Time to use core technology for what it was invented.

        As is they are just drifting to another NERDY purposeless business model.