Shazam has landed investments from the world's 3 largest label groups, Universal Music, Sony Music and Warner Music have each invested $3 million in the music and audio identification app. Shazam is currently valued at $500 million, making their collective stake less than 2%. Music tech investments by the big three music groups, who are hoping to both diversify their portfolios and have more control over their digital destinies. Spotify and Beats are both partly funded by label investments. This deal makes sense both because the labels see Shazam as a marketing and consumer data partner; and because the London...

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