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Music-App Maker Shazam Finally Turns a Profit—But Not From Music | Concurrent Media
Shazam, which counts hundreds of millions of active users and an app that is been downloaded 1 billion times, is earning most of its revenue from advertisers, who pay to use Shazam’s image-recognition and sound-recognition technology in their marketing campaigns. Source: Music-App Maker Shazam Finally Turns a Profit—But Not From Music - WSJ