Brent Hoberman has resigned as a Director of Shazam Entertainment Ltd after three years on the board.
Hoberman is an internet entrepreneur who, with Martha Lane Fox, founded one of the biggest dot-com success stories, online travel portal LastMinute.com, in 1998.
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He joined Shazam as a Director in December 2012 but, MBW has discovered, parted ways with the UK company on December 31 last year.
Shazam, a company registered in the UK, has lost £25 million in the past three years, but has a user base in excess of 120 million people.
Warner Music Groups, led by Len Blavatnik, together with Vivendi and Sony invested $3 million in the popular music information app Shazam in 2014.
The firm is currently experimenting with the exclusive distribution of certain releases.
It was owed $1.2 million by Rdio, which filed for bankruptcy protection in November last year.
BY TIM INGHAM, Music Business World Wide
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