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Sony Music invests $3 mln in Shazam - source

Reuters - UK Focus

By Abhirup Roy

May 14 (Reuters) - Sony Music Entertainment, a unit of Sony (Berlin: SON1.BE - news) Corp, has invested $3 million in music-recognition application maker Shazam Entertainment, a source familiar with the matter said.

A Wall Street Journal blog post said earlier in the day that Vivendi (TLO: VIV.TI - news) 's Universal Music Group and Warner Music Group owner Access Industries had also invested $3 million each in Shazam. (http://link.reuters.com/pet39v)

The investments come after Mexican billionaire Carlos Slim invested $40 million in Shazam in July.

London-based Shazam's music-recognition technology helps identify song title and artist, along with lyrics, video, artist biography, concert tickets and recommended tracks.

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Shazam and Sony declined to comment, while Universal Music and Access Industries were not immediately available for comment.

(Reporting by Sampad Patnaik, Sruthi Ramakrishnan and Abhirup Roy in Bangalore; Editing by Sriraj Kalluvila)