That’s the claim from Alexis de Gemini, the streaming service’s MD. He said this in an interview on BFM business radio, subsequently picked up by Digital Music News.
Among the reasons cited for this are the fact that it controls half of the streaming market in its home territory of France. It is also hoping, by the time that it moves into the black, that it will have a valuation of $1bn. This comes as the service finally arriving in the US but finds itself playing catch up in the world’s biggest music market where Spotify and Apple Music dominate subscription services (with Napster, née Rhapsody) also in the running. They are all, however, some distance behind Pandora which, while currently offering an online radio service, is expected to use the remnants of Rdio to move into on-demand streaming soon. Last year Deezer looked like it was going to beat Spotify to the punch and go for an IPO, but it withdrew at the last minute, blaming unfavourable market conditions.