News of Deezer’s monster funding round leaked over the weekend, but the company confirmed it yesterday: $130m from WMG owner Access Industries.
Deezer also announced some new figures: 7m monthly active users and 2m paying subscribers. That 7m figure is interesting though: in Deezer’s previous press release in early September, the company claimed 23m users – presumably that was all registered users rather than active ones.
In its new announcement, Deezer claims it has been “profitable since 2010”, and is aiming to seize “5% of the global music market by 2016”. That will come with costs though: CEO Axel Dauchez tells the Wall Street Journal that Deezer is now entering an investment (i.e. losses) phase. “We will return to profit in 2014.”
Dauchez also says that Deezer is now live in 100 of the 200 countries it was hoping to launch in by the end of June 2012.
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RT @MusicAlly: Deezer confirms $130m funding and claims 2m subscribers: http://t.co/hRVwwQe8
RT @MusicAlly: Deezer confirms $130m funding and claims 2m subscribers: http://t.co/hRVwwQe8
RT @MusicAlly: Deezer confirms $130m funding and claims 2m subscribers: http://t.co/hRVwwQe8
RT @MusicAlly: Deezer confirms $130m funding and claims 2m subscribers: http://t.co/hRVwwQe8
RT @MusicAlly: Deezer confirms $130m funding and claims 2m subscribers: http://t.co/hRVwwQe8