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Apple buys music streaming company

Asaii ranks tracks and artists by popularity across music streaming platforms. The company's machine learning algorithms predict which artists will top the charts next — "to find the next Justin Bieber, before anyone else," the company says. It's another means to bolster Apple Music as the company takes on streaming giant Spotify. Apple bought music recognition app Shazam earlier this year. Apple's subscription service boasted 50 million active users in May, though the company hasn't offered an official update since. Spotify has 83 million paying subscribers and million or so unpaid users. Apple declined to comment on the Asaii acquisition. Asaii did not immediately respond to request for comment. Skip Navigation.

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Apple, Inc. In recent months, Apple has made a higher-than-usual number of acquisitions, including the popular weather app named Dark Sky. The company does not provide a breakdown of how much profit or revenue each acquisition currently contributes. Beats Electronics was founded in by music producer and rapper Dr. Dre and record executive Jimmy Iovine and released its first headphones in At the time of the acquisition, Beats was an independent company with minority stakeholders including Dr. Dre, Iovine, and private equity firm Carlyle Group. Apple used several elements of Beats Music to help build its Apple Music streaming service. Beats Music was shut in and its subscribers were transferred to Apple. SRI International spun off Siri as an independent company in

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Audio products, voice-activated technology, hardware and software

The music streaming war between Apple Music and Spotify is heating up. As part of what appears to a be series of moves to grow Apple Music, Apple has acquired Platoon, a London-based company that discovers and develops artists by giving them the resources they need to create music and forge relationships with labels. Apple Music is coming to the Amazon Echo. Music Business Worldwide first reported the acquisition.

Apple Inc. The actual number of acquisitions is possibly larger as Apple does not reveal the majority of its acquisitions unless discovered by the press. Apple has cofounded two half-equity partnerships and purchased equity stakes in three preexisting companies, and has made three divestments. Apple has not released the financial details for the majority of its mergers and acquisitions.

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Views: 369

From: Dairisar

Added: 18.12.2020

Category: Pegging

Tags: apple+buys+music+streaming+company

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