AfterDawn: Tech news

French music streaming service Deezer receives more capital

Written by Andre Yoskowitz (Google+) @ 13 Oct 2009 13:20

French music streaming service Deezer receives more capital The French free music-streaming service Deezer has brought in about $9.6 million in second round capital funding, this time from private equity firms AGF Private Equity and CM-CIC Capital Prive.
The company has about 10 million users, 6 million in France.

The site launched in 2007 after deals were signed with SACEM, Sony BMG and Universal Music Group.

Deezer's main competition is Spotify, the high profile streaming site that offers both free and subscriber-based services and a large catalog of tracks. Spotify is set to launch in the US later this year.

Deezer now has about $18 million in capital funding.

More news

Previous Next

Related news

 
Comments have been disabled for this article.

News archive