Sony Music invests $3 million in Shazam: source

By Abhirup Roy (Reuters) - Sony Music Entertainment, a unit of Sony 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's Universal Music Group and Warner Music Group owner Access Industries had also invested $3 million each in Shazam. (http://ift.tt/1lA0ZBo) The investments come after Mexican billionaire Carlos Slim invested $40 million in Shazam in July. ...

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