Industry News Update – Week of 12/11/2017

Shazam is in talks with Apple to be acquired for $400 million. Apple’s Music would utilize Shazam to generate subscribers through Shazam’s music recognition referrals.

Spotify and Tencent are buying minority equity stakes in one another to benefit from the growth of music in their respective markets.

Uber will need to wait until April 2018 to appeal Transport for London’s decision to ban its ride sharing service. The decision is significant as London is one of Uber’s largest municipal markets.

The news articles and links presented below are available for your reference.


“Sources: Apple is Acquiring Music Recognition App Shazam"


“Spotify and Tencent Music Will Make Financial Investments in Each Other: Here's Why"


"Uber Will Have to Wait Until April 2018 to Appeal the Loss of its London Licence”