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Deezer

deezer.com

Founded Year

2007

Stage

Reverse Merger | IPO

Total Raised

$481.8M

Market Cap

0.28B

Revenue

$0000 

About Deezer

Deezer (Euronext: DEEZR), owned and operated by Blogmusik, allows users to listen online to specific albums and songs and share their playlists and musical tastes with the Deezer community. The company was founded in 2007 and is based in Paris, France.

Headquarters Location

24 rue de Calais

Paris, 75009,

France

+33 (0)1 84 25 25 00

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Research containing Deezer

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Deezer in 2 CB Insights research briefs, most recently on Jan 11, 2023.

Latest Deezer News

Music piracy looks different in 2023 and it costs artists millions

Jan 23, 2023

Music piracy looks different in 2023 and it costs artists millions From copying CDs to Napster to ripping YouTube audio, music piracy has long been a problem. As we begin 2023, we see piracy taking on a new form, and it’s no less insidious. Way back in the old music download days music piracy ran rampant and the music industry freaked out as a result. This caused a lot of irrational moves, the most egregious being lawsuits against its own customers. Once streaming came along the business released a sigh of relief because those big bad pirates were finally held at bay. But not for long. A new study from France’s  Centre National de Musique (CNM ), a part of its Ministry of Culture and Communication, found that music piracy has reared its ugly head again, but in a different form. It’s Not A Small Number In a nutshell, the study found that at least 1% to 3% of music streams consumed in France are fraudulent, designed to siphon royalty money away from legitimate artists. That means between 1 and 3 billion streams are false in France alone, which means that some “bad actors” are making between $5.8 and $17.4 million that could have gone to legitimate artists and songwriters. If you  extrapolate  that out worldwide though, as Music Business Worldwide did, the figure becomes mind-boggling 1% equals about 34 billion streams (equaling $157 million), while 3% represents 102 billion streams (equaling $507 million). Think of that for a second. That’s a half-billion dollars paid out to illegitimate robots and streaming farms! Even scarier is the fact that the 1 to 3% only represents the fake streams that were caught. Who knows how many have gone undetected. How An Artist Is Affected The study received its data from Spotify, Deezer, and Qobuz, plus “a panel of distributors” that included Universal, Sony, Warner, Believe and Wagram. This represented more than 90% of the top 10,000 most listened-to songs on Spotify and more than 75% of the overall volume of streams on Deezer. 84.5% of fraudulent streams were hip-hop, but that’s because that’s the biggest genre in France. Just to clarify, artists are not paid via the stream. When you see a per-stream figure that’s just the average. Artists are actually paid on market-share. At the end of each month all the revenue goes into a big pot, which is then carved up according to the streaming strength of the artist. Fake artists and streams cut into the monthly grand total of revenue, leaving less to spread around to all the real artists and songwriters. To be sure, most music distribution platforms are doing their best to eliminate music piracy and fraud, but the pirates are getting  more sophisticated  as each day passes. In the end, it hurts your pocketbook regardless where you stand on the streaming success ladder. Bobby Owsinski is a producer/engineer, author and coach. He has authored 24 books on recording, music, the music business and social media.

Deezer Frequently Asked Questions (FAQ)

  • When was Deezer founded?

    Deezer was founded in 2007.

  • Where is Deezer's headquarters?

    Deezer's headquarters is located at 24 rue de Calais, Paris.

  • What is Deezer's latest funding round?

    Deezer's latest funding round is Reverse Merger.

  • How much did Deezer raise?

    Deezer raised a total of $481.8M.

  • Who are the investors of Deezer?

    Investors of Deezer include I2PO, Grupo Salinas, Access Industries, Orange Digital Ventures, Kingdom Holding Company and 9 more.

  • Who are Deezer's competitors?

    Competitors of Deezer include Napster, Soundcloud, Pandora, Spotify, Rdio and 7 more.

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