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Digital Economy

Refocused Deezer sees revenue grow by 15% in Q1 2024 to €132.5 million

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Deezer's revenue for the first quarter of 2024 reached €132.5 million, up 15% year-on-year, driven by partnerships which delivered high revenue growth at 40.3% year-on-year, representing nearly one third of total revenue.

Revenue from Direct subscribers amounted to €86m, up 5.2% y-o-y, with partnerships accounting for €43.3m, up 40.3% y-o-y. Revenues from France were up 8.5% to €76.1m, with the rest of the world accounting for €56.4m, up 25.2% y-o-y.

(Source: Deezer)

Paris-listed Deeze...

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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

STYNGR and Warner Music Group launch new products for the gaming community

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Gaming platform STYNGR and Warner Music Group have partnered to launch a new music product, Batteries, created for the Roblox developer community.

STYNGR is launching two classes of Batteries that will be purchasable for time-based listening via Roblox’s digital currency — Single Listening Batteries, which provide players with weekly-refreshed radio stations of curated tracks; and Party Batteries, which offer the same functionality while also facilitating social listening sessions among up ...

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Digital Economy

Merlin renews licensing agreement with Meta; partnership includes access to a new suite of tools to drive fandom and discovery

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Independent labels' digital music licensing company Merlin has renewed its global licensing agreement with Meta Platforms, in a strategic partnership that includes access to a new suite of tools and features that will enable Meta users to discover artists and boost the visibility of new releases.

In a statement the two companies said the new agreement underscores Meta’s "recognition of the value and importance of the world’s leading independent labels and distributors," and "reinforces the ...

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Digital Economy

DiMA outlines key reform proposals as part of the MLC’s redesignation process

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DiMA President and CEO Graham Davies has laid out the key reforms that the organisation representing the main DSPs is seeking in the redesignation process for the Mechanical Licensing Collective (The MLC), which administers the blanket license for mechanical rights in the US.

The US Copyright Office has started the review procedures for The MLC, which was created as part of the Music Modernisation Act (MMA) of 2019. While expressing the organisation’s "strong and ongoing support" for the Mus...

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