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Posted inNews

Line IPO could raise more than $1bn for social network

Japanese messaging app Line is preparing for its delayed IPO on the Tokyo and New York stock exchanges.

The company has announced that it will price its IPO at between $26.50 and $31.50 a share, potentially raising as much as $1.09bn from the flotation. The final price will be set on 11 July, according to Line, which has 218 million monthly active users – albeit with two thirds of them concentrated in its four biggest markets, Japan included

Posted inReports

Report 392 – Burning Question

In our Cover Feature we look at the chaos surrounding both Cür and Guvera and what this tells us about the state of digital music in 2016. The market is tilted towards failure and even long-standing services, despite approaching scale, are still not making the numbers add up. The music industry needs more of these services to fly as the alternative – a total loss of bartering power in the vacuum of a duopoly – could be the worst thing that ever happens to it.

In Beyond Music we look at how Netflix is making subscriptions and tiered pricing work – and all with a partial catalogue but while simultaneously investing in new content. Music needs to pay closer attention to this digital TV revolution.

This week’s country profile is Spain that was, just six years ago, close to being dismissed as a lost cause. Free is the reality in the market but, with the move from downloads to streaming, this is proving a lifeline rather than a noose.

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Posted inAnalysis, News

Deezer files for IPO after €142m of revenues in 2014

Music streaming service Deezer is going public, with plans for an IPO by the end of this year via the Paris stock exchange.

According to the Financial Times, 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.
“We can really see that streaming is picking up,” Albrecht told the FT. “This is just the beginning of the curve.”