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Digital Economy

Deezer will be listed on Euronext Paris through a combination with I2PO SPAC

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Music streaming service Deezer has reached an agreement with I2PO, a Special Purpose Acquisition Company (SPAC), for a business combination that would see the new entity named Deezer listed on the Euronext Paris stock exchange with a market value north of €1 billion.

The combined entity will become a publicly traded company on the professional segment (Compartiment Professionnel) of the regulated market of Euronext Paris. The transaction will value Deezer at a pre-money equity value of €1.0...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Digital Economy

Netflix had 277.65 million subscribers at the end of June, up 16.5% year-over year

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Netflix has added 8.05 million subscribers during the second quarter of 2024, a 16.5% increase year-over-year, beating expectations from analysts. The video streaming company counted 277.65 million subscribers globally at the end of June.

Q2's figures were boosted by a strong release schedule, which included series like 'Bridgerton' S3, 'Baby Reindeer', 'Queen of Tears' and 'The Great Indian Kapil Show', and popular films like 'Under Paris', 'Atlas' and 'Hit Man' and 'The Roast of Tom Brady...

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Creative Industries

Listed music companies’ market cap up 2.4% to $217.5bn in Q2 2024 — report

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Music industry listed companies had a combined market capitalisation of $217.5 billion at the end of June 2024, up 2.4% compared with $212.4bn at the start of April and up 11.9% compared to $194.2bn at the beginning of the year, according to the Omdia's Music Industry Sharewatch, 2Q24. The combined market cap of the 28 companies tracked by Omdia ended June at $217.5bn.

According to Omdia's report, Spotify overtook Universal Music Group (UMG) as the biggest music industry company in market c...

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Digital Economy

Beatport teams up with fraud detection company Beatdapp Software to combat fraudulent stream manipulation

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DJ-centric platform Beatport has joined forces with fraud detection specialist Beatdapp Software "to ensure the authenticity of every stream on Beatport’s platform while eradicating fraudulent activities."

Beatport said that by integrating Beatdapp’s fraud detection technology, the platform will be able to deliver daily, weekly, and monthly streaming charts "devoid of manipulation or fraud, providing users with accurate insights into music trends and consumption patterns."

"At Beat...

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