French music streaming platform Deezer failed to attract much investor interest for its Paris market debut seven years after its first flotation was aborted, with its shares dropping sharply in early dealing on Tuesday.
Services like Deezer and its rivals represent a shift in the music industry away from buying and downloading tracks to listening online to songs stored remotely. “ can subsidize their business with other income streams, and therefore they do not depend on the success of their music-platforms unlike ‘pure-play’ companies do.”
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