Deezer Files for IPO on the Paris Stock Exchange

It has been reported that Deezer has filed to go public. The IPO is planned towards the end of this year on the Paris stock exchange.

Deezer’s filing comes after the company generated €142m of revenues in 2014. Its CEO Hans-Holger Albrecht claimed that it expects 35% growth in 2015, rising to €750m of annual revenues by 2018 – by which point he hopes Deezer will be breaking even.

Deezer has raised $149.3m of funding since 2008, including a $130m round from Warner Music Group’s parent company Access Industries in 2012.

deezer music streaming samsung electronics babyshambles villagers

Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

Pandora partner with SoundCloud to launch a new hip-hop station for up-and-coming stars

Continuing their partnership with SoundCloud, SiriusXM bring The Lookout show to their music streaming service Pandora.

Is Pandora still popular? New research shows its rivals are catching up

Spotify and Pandora have the most listeners in the US – but not for long.