Deezer is a music streaming platform with company headquarters in Paris.<\/i>\u00a0Founded in August 2007, the company has been led by CEO Jeronimo Folgueira since 2021.<\/i>\u00a0<\/i><\/p>\n
As of 2023, Deezer had 9.3M subscribers.<\/i><\/p>\n
Founded in August 2007, the company was previously led by CEO Hans-Holger Albrecht since December 2014.<\/a><\/p>\n In September 2016, it was revealed that Access Industries \u2013 parent company to Warner Music Group \u2013 had acquired a controlling stake<\/a> in Deezer in June that year.<\/a><\/p>\n This majority-takeover was the result of Access’s participation in a \u20ac100m ($109m) investment round <\/a>in Deezer alongside telco Orange, originally announced in January 2016.<\/p>\n This was the second time that Access had invested in Deezer; it clubbed together with Idinvest to raise an initial \u20ac100m investment into the firm back in October 2012<\/a>.<\/p>\n In August 2018, Deezer raised a further \u20ac160m ($185m)<\/a> in funding from a group of investors that included both Access Industries and Orange, in addition to the Kingdom Holding Company and Rotana.<\/p>\n According to a press release, the investment valued Deezer at \u20ac1bn ($1.2bn)<\/p>\n Following Deezer’s \u20ac160m funding round in 2018, the platform announced a distribution agreement with Rotana across the Middle East and North Africa \u2013 including Egypt, Saudi Arabia, Turkey and the United Arab Emirates.<\/p>\n Deezer later confirmed to MBW<\/a> that this distribution agreement was a completely exclusive one, meaning that Rotana\u2019s music would not appear on any other music streaming platform in the region.<\/p>\n
\nAcquisition by Access Industries and further fuding<\/h6>\n
\nDeezer: Rotata exclusivity in Middle East<\/h6>\n
\nDeezer: Grupo Salinas deal in LATAM<\/h6>\n