Published On: Mon, Feb 1st, 2016

Lastminute.com founder leaves Shazam Board

brent hoberman

 

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.

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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