Industry News

Deezer Just Raised Another $185M, at a Valuation of $1.16B

Digital Music News points out that the music streaming world is both highly competitive and saturated with money from investors with deep pockets (think Apple, Spotify and Amazon).

Renovata client Deezer has never been the first brand off the tongue in the company of these giants, but Digital Music News announces another significant round of investment for the Paris-based company by arguing that, perhaps because Deezer is barely known in the US, it’s a niche streaming service that deserves greater attention.

New investors in this round include Rotana Group, the Dubai-based music owner/licensor, and Deezer will now distribute  Rotana Group content across North Africa and the Middle East. It’s exactly the sort of deal which falls under the radar of the mainstream tech press, but which quietly generates a billion-dollar valuation.

Read the full article here:

https://www.digitalmusicnews.com/2018/08/02/deezer-billion/