SUBSCRIBE FOR FULL CONTENT ACCESS: VIEW OFFERS
Connect with us

Digital Economy

Deezer is now a publicly traded company with a market capitalisation under €1bn

Published

on

Music streaming platform Deezer has completed its listing on the Professional Segment of the regulated market of Euronext Paris on July 5, with the ticker code DEEZR, in a transaction that valued the company at €960.5 million at the first trading day.

Deezer’s shares opened at €8.50 ($8.75) on July 5, but closed the week at €5.10, losing some 40% of its market capitalisation during the week. As a comparison, Spotify's market capitalisation as of July 9 was of $20bn.

Following the lis...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

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

Universal Music Group and TIDAL seal partnership to explore new innovative economic models for music streaming

Published

on

Universal Music Group (UMG) and music streaming service TIDAL are working together to define the framework for a new business model for streaming that would provide better value for artists and their fans.

The two companies said plan "to explore an innovative new economic model for music streaming that might better reward the value provided by artists and more closely reflect the engagement of TIDAL subscribers with those artists and music they love."

TIDAL Logo. (PRNewsFoto/TIDAL)

TID...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Digital Economy

Spotify had 205 million paid subscribers in 2022, up 14% year-on-year

Published

on

Spotify finished the year with a record number of users — the streaming service counted 205 million paid subscribers and a total of 489 million monthly active users (MAUs), up respectively 14% and 20% compared to the previous year, according to financial result released by the company.

"Looking back on 2022 in its entirety, we are pleased with our overall results. Each year presents certain challenges and opportunities and, over the past 12 months, we largely delivered on our internal goals ...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Copyright & Regulation

TikTok CEO Shou Zi Chew to appear on March 23 before the House Energy and Commerce Committee

Published

on

TikTok CEO Shou Zi Chew will appear before the House of Representatives Energy and Commerce Committee on March 23, 2023 to testify "on TikTok’s consumer privacy and data security practices, the platforms’ impact on kids, and their relationship with the Chinese Communist Party," according to a statement from the Committee's chair Cathy McMorris Rodgers (R-WA).

“Big Tech has increasingly become a destructive force in American society," said McMorris Rodgers. "The Energy and Commerce Committee ...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Trending