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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).

Creative Industries

Key figures — Week 45, 2022

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$5.9 billion

That's the total revenue for fiscal year 2022 posted by Warner Music Group, up 12% over the year before. OIBDA reached $1.1 billion, up 13% year-on-year. 

$511 million

That's how much Elton John's 'Farewell Yellow Brick Road' tour has grossed worldwide, according to trade magazine Pollstar. John played 164 shows with more than 3.6 million tickets sold. The tour ended with a three night sold-out series of concerts at Los Angeles' Dodger Stadium.

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Creative Industries

Quotes of the week — Week 45, 2022

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“As streamers have proliferated, they have really ended back-end participation, and so this is partly an effort to try to recapture some of that value and share it in a way that’s more equitable. Not just writers and directors and stars. But also cinematographers, editors, costume designers and other crucial artists who, in my view, are very underpaid.”By US actor and filmmaker Ben Affleck in an interview with The New York Times as he just announced plans to create a new production company with...

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Creative Industries

Music deals — Week 45, 2022

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Here is a list of the main music deals this week:

Primary Wave Music has acquired most of songwriters and performers Shannon Rubicam and George Merrill‘s interest in their publishing catalogue, which includes Whitney Houston‘s songs ‘How Will I Know’ and ‘I Wanna Dance With Somebody (Who Loves Me)’. Primary Wave has also acquired their writer’s share of income worldwide. Terms of the transaction were not disclosed but according to the Financial Times, the deal was in the region of $50 mi...

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