The British music identification app, Shazam, recently received a $40 million investment from the world’s second richest man, Carlos Slim. Not known for seeding startups, Slim first made his fortune in the Mexican mobile phone industry, so funding a mobile app company is not farfetched. With Slim’s investment, Shazam is positioned to expand its current services in advertising and looks to grow in new international markets. Continue reading Carlos Slim Invests in Shazam to Expand its Advertising Biz

Netflix is clearing nearly 1,800 movies from its library this week. The service is dropping certain titles due to expiring licensing deals with studios MGM, Universal and Warner Bros. The list is largely comprised of lesser known, older titles and is not being viewed as significant as when Netflix lost many newer films after it failed to renew its streaming agreement with Starz. However, the move may still be seen by some as a sign of future change. Continue reading Netflix Loses Almost 1,800 Movies from Streaming Catalog