Migration Latest news, analysis and comment on migration in Europe and beyond.ĭefense Latest news, analysis and comment on defense in Europe and beyond.Ĭontinent Latest news, analysis and comment from POLITICO’s editors and guest writers on the continent.Amazon Music has increased streaming subscription prices. Germany Latest news, analysis and comment on German politics and beyond.įrance Latest news, analysis and comment on French politics and beyond.Įlections in Europe Latest news, analysis and comment on elections in Europe and beyond.Ĭoronavirus in Europe The latest news, data and analysis on the world’s pandemic response. Merhely controls 8 percent and major record labels Universal, EMI, Sony and Warner account for around 15 percent of the shares.īrussels Latest news, analysis and comment from POLITICO’s editors and guest writers in Europe. The largest shareholder is Access Industries, the investment company of the billionaire Len Blavatnik, with around 27 percent. It paid out €112.5 million, nearly 80 percent of its income, in royalties last year. Among the risks are an increase in the cost of acquiring rights to music, if record labels decide to do exclusive deals with a small number of outlets. Apple also has ambitions to dominate the market after launching a music subscription service in the summer.ĭeezer acknowledged that it faces intense competition from other Internet music services, including rival subscription streaming providers, radio networks and YouTube. Spotify, based in Sweden, is the largest streaming service, with around 20 million paying subscribers and a reported valuation of $8.5 billion. Streaming is the fastest-growing sector of the music industry, expected to account for nearly half of retail music revenues by the end of the decade, according to Enders Analysis, a research firm. Losses last year amounted to €27.2 million, according to the registration document.

Deezer said it has yet to turn a profit because of the cost of developing new technology and expanding its customer base. Turnover has increased from €63.6 million in 2012 to €142 million last year, with about half of that in France.

However, it is targeting aggressive expansion in other markets, with plans to increase revenues to €750 million in 2018. So far, the bulk of Deezer's subscriber growth has been in France, where it benefited from a partnership with the mobile phone provider Orange.

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