{"id":609498,"date":"2023-02-17T18:30:28","date_gmt":"2023-02-18T00:30:28","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/17\/deezer-inks-long-term-sonos-radio-deal-amid-pursuit-of-ambitious-revenue-and-subscriber-goals\/"},"modified":"2023-02-17T18:30:28","modified_gmt":"2023-02-18T00:30:28","slug":"deezer-inks-long-term-sonos-radio-deal-amid-pursuit-of-ambitious-revenue-and-subscriber-goals","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/17\/deezer-inks-long-term-sonos-radio-deal-amid-pursuit-of-ambitious-revenue-and-subscriber-goals\/","title":{"rendered":"Deezer Inks Long-Term Sonos Radio Deal Amid Pursuit of Ambitious Revenue and Subscriber Goals"},"content":{"rendered":"
\n
\n
\n
\n

\"Deezer<\/p>\n

Photo Credit: Deezer<\/p>\n<\/div>\n

As it looks to break even<\/a> by 2025, Paris-headquartered streaming platform Deezer has announced a long-term deal to power Sonos Radio. <\/strong><\/h2>\n

Deezer, which arrived<\/a> on the Euronext Paris last year, just recently unveiled<\/a> its tie-up with Sonos (NASDAQ: SONO). Under the pact, billed by execs as one component of \u201ca\u00a0very exciting journey,\u201d Deezer beginning in April \u201cwill deliver key services for Sonos Radio and Sonos Radio HD.\u201d<\/p>\n

For reference, the latter is the Sonos-owned streaming offering\u2019s ad-free tier and costs $7.99 per month in the U.S. The overarching Sonos Radio rolled out<\/a> in April of 2020, is accessible via the Sonos app, and, according to higher-ups, brings \u201ctogether more than 60,000 stations from multiple streaming partners.\u201d<\/p>\n

Now, aside from a roughly 90-million-track catalog, Sonos Radio will be equipped with metadata, licensing, and royalty management services from Deezer. The Access Industries subsidiary and Sonos, which began expanding their longstanding partnership<\/a> in earnest last year, are also poised to collaborate \u201cfor growth and monetization of the service\u201d moving forward.<\/p>\n

\u201cIn addition, Deezer will support ongoing innovation to develop and expand the Sonos music experience,\u201d the companies wrote of their multifaceted deal, \u201cexploring new ways to give listeners around the world an easy way to discover music and soundtrack their day.\u201d<\/p>\n

Regarding the union\u2019s scope, 16-year-old Deezer and 21-year-old Sonos expect to reach 16 countries (including the U.S., Canada, the U.K., France, and Germany<\/a>) out of the gate. <\/strong><\/h4>\n

Bearing in mind Deezer\u2019s initially mentioned break-even objective as well as a goal of generating \u20ac1 billion annually<\/a>, CEO Jeronimo Folgueira touted the agreement\u2019s perceived significance in terms of helping his company to expand in strategically important markets.<\/p>\n

\u201cThis is the start of a very exciting journey for Deezer and Sonos,\u201d communicated Folgueira. \u201cThrough this partnership Deezer can reach new listeners in major markets around the world, including the US. Sonos has revolutionized the way we enjoy music and audio in our homes, with exceptional multi-room speakers, fantastic sound quality and thoughtfully curated Sonos Radio services. We can\u2019t wait to play a key role in expanding this great customer offering.\u201d<\/p>\n

And in remarks of his own, Sonos CEO Patrick Spence emphasized the development\u2019s potential benefits for his business\u2019s customers.<\/p>\n

\u201cDelivering a best in class branded content experience for our customers is an essential part of our long-term growth strategy and Deezer continues to be an excellent partner for supporting our ambitious goals to help the world listen better,\u201d the BlackBerry<\/a> veteran Spence relayed in part.<\/p>\n

Deezer is scheduled to post its complete 2022 financials on the 28th, and when the market closed today, the company\u2019s shares (DEEZR on the Euronext Paris) were worth \u20ac2.80 apiece \u2013 a nearly 13 percent improvement from Thursday\u2019s close.<\/p>\n<\/section><\/div>\n

Read More<\/a>
\n Laine Serna<\/p>\n","protected":false},"excerpt":{"rendered":"

Photo Credit: Deezer As it looks to break even by 2025, Paris-headquartered streaming platform Deezer has announced a long-term deal to power Sonos Radio. Deezer, which arrived on the Euronext Paris last year, just recently unveiled its tie-up with Sonos (NASDAQ: SONO). Under the pact, billed by execs as one component of \u201ca\u00a0very exciting journey,\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":609499,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23941,534,28103],"tags":[],"class_list":{"0":"post-609498","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-deezer","8":"category-financial","9":"category-long-term"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/609498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=609498"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/609498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/609499"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=609498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=609498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=609498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}