Deezer Deezer plans to take a 5% market share of the global music industry by 2016.

Deezer plans to take a 5% market share of the global music industry by 2016.

10 October 2012: Streaming company Deezer has announced an ambitious plan to take
a 5% market share of the global music industry by 2016.

At an event at London's iconic Abbey Road studios, the French-based company whose
UK MD Mark Foster sits on the ERA board, revealed it has expanded operations to
76 more countries throughout Africa, Asia and the Middle East.

This means that Deezer's catalogue of more than 20 million tracks is now available
in 160 countries around the world.

Deezer's expansion comes after a US $130 million investment funding from Warner Music's
parent company Access Industries.

CEO Axel Dauchez said, "We want to take new music to musically isolated countries,
breaking down the old music distribution networks. We're confident that by
getting more people to try the service - including those not yet aware of the
subscription model - Deezer will become the new way to listen to music
worldwide."

ENDS