Deezer, the rival music streaming service to the likes of Spotify and Apple Music, is reportedly taking another run at going public.
Today, those market conditions look rather different: In 2015, according to updated IFPI figures, the global recorded music industry generated $14.7bn annually, of which just $2.8bn (19%) came from streaming. In 2021, the global recorded music industry generated $25.9bn annually, of which $16.9bn (65%) came from streaming.
Financial data from France today suggests that Len Blavatnik, as a Beneficial Owner, personally controls a 28.95% stake in Deezer.
Read more: MBW
