Monday, July 14, 2014
Music Business/Law Tip - "Shazam"
Music Identification App “Shazam” is becoming a major player in the music space. Shazam helps people ID music playing on radio and TV, and the App lets people then share the song’s name on social media, download the song form iTunes, or stream it on Spotify. The power of Shazam for the health of the music business is twofold:
1. Last year alone it caused more than $300 million is iTunes sales (according to its website);
2. It’s a great way for new artists to be discovered (so it’s key for new artists to have their music available in the Shazam system/database).
This year all the major labels bought a stake in Shazam so expect to hear more from Shazam.
Ben McLane Esq
Benmclane.com
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I have heard about this app before. I think it is astonishing how successful it has become. What law or business tips would you suggest for someone making an app like that? It seems like there are probably certain regulations to follow.
ReplyDeleteJayden Eden | http://www.harshmanmcbeelaw.com/Business-Law/