\"<p>French
French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire delivers a speech next to Jeronimo Folgueira, CEO of French music streaming platform Deezer, Guillaume d'Hauteville, Chairman of Deezer and French Junior Minister for Digital Transition and Telecommunications Jean-Noel Barrot and guests during the opening bell ceremony for the company's initial public offering (IPO) on the balcony of the Euronext stock exchange at La Defense business and financial district in Courbevoie near Paris, France, July 5, 2022. REUTERS\/Benoit Tessier<\/span><\/figcaption><\/figure>By Mathieu Rosemain and Dominique Vidalon<\/strong>

PARIS: Shares of French music-streaming platform Deezer<\/a> plunged as much as 35% on its first trading day, in a blow to telecoms maverick Xavier Niel and luxury billionaire Francois-Henri Pinault, who made the company's market debut possible.

Deezer<\/a>, one of the country's first so-called \"unicorns\", or tech companies valued more than 1 billion euros, has been struggling to convince on its capacity to take on bigger rivals Spotify<\/a> and Apple Music<\/a>.

\"The sector is super competitive,\" DZ Bank analyst Manuel Muehl said. \"There are multiple services - Amazon Prime,
Apple<\/a> Music etc - which are run by large U.S. companies with very deep pockets.\"

\"(They) can subsidise their business with other income streams, and therefore they do not depend on the success of their music-platforms unlike 'pure-play' companies do.\"

Deezer was down 24% at 1149 GMT at 6.52 euros per share, after opening at 8.50 euros. It had earlier sunk as much as 35%.

\"There's a question over their capacity to grow and yield profits,\" an industry source said.

Deezer's stock listing was made possible via its merger with a blank-check company, I2PO, notably backed by French banker Matthieu Pigasse, Niel and Artemis, the holding company of the Pinault family which controls Gucci owner Kering.

Deezer announced its stock market listing in Paris in April in a deal valuing the business at just over 1 billion euros ($1 billion).

Services like Deezer and its rivals represent a shift in the music industry away from buying and downloading tracks and towards listening online to songs stored remotely.

Founded in 2007, or just year after
Spotify<\/a>, Deezer has contemplated entering the stock market for years. It postponed previous IPO plans in 2015 due to market conditions.

The fall in shares did not stop French Finance Minister Bruno Le Maire, who attended the ceremony marking Deezer's market debut, from praising Deezer for its stock listing.

\"@DeezerFR's IPO is not only an economic and technological success, but it is also a cultural success,\" Le Maire tweeted. \"Defending Deezer is defending our culture... our musical heritage.\"
<\/body>","next_sibling":[{"msid":92688356,"title":"Hiring intent at 27-month high, more jobs open up in IT, education, e-commerce and telecom","entity_type":"ARTICLE","link":"\/news\/hiring-intent-at-27-month-high-more-jobs-open-up-in-it-education-e-commerce-and-telecom\/92688356","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":92688365,"entity_type":"ARTICLE","title":"France's Deezer, rival to Spotify, sinks 35% on market debut","synopsis":"Deezer, one of the country's first so-called \"unicorns\", or tech companies valued more than 1 billion euros, has been struggling to convince on its capacity to take on bigger rivals Spotify and Apple Music.","titleseo":"telecomnews\/frances-deezer-rival-to-spotify-sinks-35-on-market-debut","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2022-07-06 07:27:21","lastupd":"2022-07-06 07:30:08","breadcrumbTags":["Deezer","Deezer share price","Spotify","Apple","Apple Music","MVAS\/Apps","technology news","International"],"secinfo":{"seolocation":"telecomnews\/frances-deezer-rival-to-spotify-sinks-35-on-market-debut"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2022-07-06" data-index="article_1">

法国Deezer对手Spotify,汇35%市场首次亮相

Deezer,该国的第一个所谓的“独角兽”,或高科技公司价值超过10亿欧元,一直在努力说服的能力承担更大的竞争对手Spotify和苹果的音乐。

  • 更新于2022年7月6日早上07:30时坚持
< p >法国经济部长、金融、工业和数字安全Bruno Le Maire旁边讲话Jeronimo Folgueira, CEO的法国音乐流媒体平台Deezer Guillaume d 'Hauteville,主席Deezer数字转换和电信和法国部长Jean-Noel Barrot开盘仪式期间和客人对公司的首次公开发行(IPO)的阳台上泛欧交易所证券交易所在拉德芳斯区业务和金融区附近Courbevoie巴黎,法国,2022年7月5日。路透/ Benoit Tessier < / p >
法国经济部长、金融、工业和数字安全Bruno Le Maire旁边讲话Jeronimo Folgueira, CEO的法国音乐流媒体平台Deezer Guillaume d 'Hauteville,主席Deezer数字转换和电信和法国部长Jean-Noel Barrot开盘仪式期间和客人对公司的首次公开发行(IPO)的阳台上泛欧交易所证券交易所在拉德芳斯区业务和金融区附近Courbevoie巴黎,法国,2022年7月5日。路透/ Benoit Tessier
由马修Rosemain和多米尼克·Vidalon


广告
巴黎:法国音乐流媒体平台的股票Deezer在其第一个交易日下跌多达35%,在打击电信特立独行和豪华的亿万富翁亨利•泽维尔•尼尔,他让公司的市场首次成为可能。

Deezer,该国的第一个所谓的“独角兽”,或高科技公司价值超过10亿欧元,一直在努力说服其承担更大的竞争对手的能力Spotify苹果的音乐

DZ,“部门超级竞争力的银行分析师Manuel Muehl说。“有多个服务——Amazon Prime,苹果音乐等——这是由非常雄厚的大型美国公司。”

“(他们)可以与其他收入补贴他们的业务,因此他们不依赖于他们的成功music-platforms与“纯粹”的公司。”

Deezer下降了24%在1149 GMT在每股6.52欧元,打开后在8.50欧元。它早前沉没高达35%。

“有一个问题在他们的成长和能力产生利润,”一位业内人士说。

Deezer股票上市成为可能通过其与无偿公司合并I2PO,特别是由法国银行家马修•皮加斯尼尔和阿耳特弥斯,皮诺家族的控股公司控制古奇所有者依然。

广告
Deezer宣布4月在巴黎上市交易估值业务刚刚超过10亿欧元(10亿美元)。

Deezer及其竞争对手等服务代表音乐产业的转变从购买和下载歌曲转向在线收听歌曲远程存储。

成立于2007年,或只是年复一年Spotify,Deezer考虑进入股票市场多年。它推迟了IPO计划在2015年由于市场条件。

股票的下降并没有阻止法国财政部长Bruno Le Maire出席了仪式Deezer的市场亮相,赞扬Deezer上市。

“@DeezerFR IPO不仅是一个经济和技术的成功,但是它也是一个文化的成功,“Le Maire推。“捍卫Deezer是在保卫我们的文化…我们的音乐遗产。”
  • 发布于2022年7月6日凌晨07:27坚持

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\"&lt;p&gt;French
French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire delivers a speech next to Jeronimo Folgueira, CEO of French music streaming platform Deezer, Guillaume d'Hauteville, Chairman of Deezer and French Junior Minister for Digital Transition and Telecommunications Jean-Noel Barrot and guests during the opening bell ceremony for the company's initial public offering (IPO) on the balcony of the Euronext stock exchange at La Defense business and financial district in Courbevoie near Paris, France, July 5, 2022. REUTERS\/Benoit Tessier<\/span><\/figcaption><\/figure>By Mathieu Rosemain and Dominique Vidalon<\/strong>

PARIS: Shares of French music-streaming platform Deezer<\/a> plunged as much as 35% on its first trading day, in a blow to telecoms maverick Xavier Niel and luxury billionaire Francois-Henri Pinault, who made the company's market debut possible.

Deezer<\/a>, one of the country's first so-called \"unicorns\", or tech companies valued more than 1 billion euros, has been struggling to convince on its capacity to take on bigger rivals Spotify<\/a> and Apple Music<\/a>.

\"The sector is super competitive,\" DZ Bank analyst Manuel Muehl said. \"There are multiple services - Amazon Prime,
Apple<\/a> Music etc - which are run by large U.S. companies with very deep pockets.\"

\"(They) can subsidise their business with other income streams, and therefore they do not depend on the success of their music-platforms unlike 'pure-play' companies do.\"

Deezer was down 24% at 1149 GMT at 6.52 euros per share, after opening at 8.50 euros. It had earlier sunk as much as 35%.

\"There's a question over their capacity to grow and yield profits,\" an industry source said.

Deezer's stock listing was made possible via its merger with a blank-check company, I2PO, notably backed by French banker Matthieu Pigasse, Niel and Artemis, the holding company of the Pinault family which controls Gucci owner Kering.

Deezer announced its stock market listing in Paris in April in a deal valuing the business at just over 1 billion euros ($1 billion).

Services like Deezer and its rivals represent a shift in the music industry away from buying and downloading tracks and towards listening online to songs stored remotely.

Founded in 2007, or just year after
Spotify<\/a>, Deezer has contemplated entering the stock market for years. It postponed previous IPO plans in 2015 due to market conditions.

The fall in shares did not stop French Finance Minister Bruno Le Maire, who attended the ceremony marking Deezer's market debut, from praising Deezer for its stock listing.

\"@DeezerFR's IPO is not only an economic and technological success, but it is also a cultural success,\" Le Maire tweeted. \"Defending Deezer is defending our culture... our musical heritage.\"
<\/body>","next_sibling":[{"msid":92688356,"title":"Hiring intent at 27-month high, more jobs open up in IT, education, e-commerce and telecom","entity_type":"ARTICLE","link":"\/news\/hiring-intent-at-27-month-high-more-jobs-open-up-in-it-education-e-commerce-and-telecom\/92688356","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":92688365,"entity_type":"ARTICLE","title":"France's Deezer, rival to Spotify, sinks 35% on market debut","synopsis":"Deezer, one of the country's first so-called \"unicorns\", or tech companies valued more than 1 billion euros, has been struggling to convince on its capacity to take on bigger rivals Spotify and Apple Music.","titleseo":"telecomnews\/frances-deezer-rival-to-spotify-sinks-35-on-market-debut","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2022-07-06 07:27:21","lastupd":"2022-07-06 07:30:08","breadcrumbTags":["Deezer","Deezer share price","Spotify","Apple","Apple Music","MVAS\/Apps","technology news","International"],"secinfo":{"seolocation":"telecomnews\/frances-deezer-rival-to-spotify-sinks-35-on-market-debut"}}" data-news_link="//www.iser-br.com/news/frances-deezer-rival-to-spotify-sinks-35-on-market-debut/92688365">