![]() "Defending Deezer is defending our culture. The fall in shares did not stop French Finance Minister Bruno Le Maire, who attended the ceremony marking Deezer's market debut, from praising Deezer for its stock IPO is not only an economic and technological success, but it is also a cultural success," Le Maire tweeted. It postponed previous IPO plans in 2015 due to market conditions. Services like Deezer and its rivals represent a shift in the music industry away from buying and downloading tracks and towards listening online to songs stored remotely.įounded in 2007, or just year after Spotify, Deezer has contemplated entering the stock market for years. "There's a question over their capacity to grow and yield profits," an industry source said.ĭeezer's stock listing was made possible via its merger with a blank-check company, I2PO, notably backed by French banker Matthieu Pigasse, Niel and Artemis, the holding company of the Pinault family which controls Gucci owner Kering (PRTP.PA).ĭeezer announced its stock market listing in Paris in April in a deal valuing the business at just over 1 billion euros ($1 billion). "(They) can subsidise their business with other income streams, and therefore they do not depend on the success of their music-platforms unlike 'pure-play' companies do."ĭeezer was down 24% at 1149 GMT at 6.52 euros per share, after opening at 8.50 euros. "There are multiple services - Amazon Prime, Apple Music etc - which are run by large U.S. 13 According to the company, it planned to make its services available to. 12 On 7 December 2011, Deezer, at the time available only in Belgium, France and the United Kingdom, announced plans to expand worldwide during the rest of 2011 and continuing into 2012. "The sector is super competitive," DZ Bank analyst Manuel Muehl said. Deezer was launched in France in 2007, where it was the market leader as of 2017. Get the latest Deezer SA (DEEZR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and. If you scroll down, you can also read the lyrics.PARIS, July 5 (Reuters) - Shares of French music-streaming platform Deezer plunged as much as 35% on its first trading day, in a blow to telecoms maverick Xavier Niel and luxury billionaire Francois-Henri Pinault, who made the company's market debut possible.ĭeezer, one of the country's first so-called "unicorns", or tech companies valued more than 1 billion euros, has been struggling to convince on its capacity to take on bigger rivals Spotify (SPOT.N) and Apple Music (AAPL.O). You can like to add it to a dedicated playlist or dislike it to never hear it again. Deezer is an online music streaming service, and one of Spotify ’s oldest rivals, founded just a year later than the Swedish powerhouse in 2007. In Your Library, you can see everything you liked or followed and filter by Playlist, Artists, Albums, Podcasts, or Downloaded.įinally, you’ll see the cover art when you listen to a song. If you want something specific, you can go to the search page, which also shows your top genres, new releases, and personalized playlists. It is a good mix of songs you already like, and the option to discover new music, all with a simple tap. The rest of the page is tailored to your preferences, with suggested podcast episodes, daily mixes according to music you like, mixes for different moods, trending music, and more. The first thing on your home screen is recently played for easy access to songs you enjoy listening to. However, as many people like to listen to music on the move, we’ll focus on the mobile interface in this comparison. Both platforms have desktop and mobile apps available.
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