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Deezer Subscriptions Boosted by B2B Partnerships
Deezer price increases and new B2B partnerships helped boost the streamer's earnings last year and in the fourth quarter.
“Our partnership strategy is bearing fruit, driving our overall growth and helping us win market share outside France,” CEO Jeronimo Folgueira said in a statement. During his tenure, Deezer went public through a merger with a special purpose acquisition company, I2PO, in 2022, and forged a partnership with Universal Music Group in 2023 to introduce an artist-centric model for royalty calculations. Shares of Deezer rose 0.5% to 2.18 euros ($2.36) Wednesday before the company released earnings results.
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