Stitcher Sold to Deezer

10-24-14

Digital music service Deezer is acquiring Stitcher. Stitcher is a content app that focuses on talk with 25,000 news, sports and entertainment shows both live and available via Podcast. Stitcher currently carries eight out of the top ten terrestrial radio shows and features content from over 12,000 content providers, including NPR, BBC, Fox News, Wall Street Journal, This American Life, Marc Maron, CBS Radio News and others. The financial terms of the deal were not disclosed.

Deezer founder Daniel Marhely said, "Almost every music listener listens to some form of talk radio, whether it is news, entertainment or sports. We see the ability to deliver better talk streaming solutions in the same way that we are doing in music to super serve the needs of our global audience of 16 million users and growing. The acquisition of Stitcher helps us realize this opportunity."

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Deezer Aims To Challenge Spotify In The U.S.

Another Music Streamer Eyeing The States

It looks like another music streaming company wants to compete against SPOTIFY in the U.S. -- even though SPOTIFY has yet to earn a profit here. CNET reports that international streaming service DEEZER is looking to set up shop in the STATES.

CEO AXEL DAUCHEZ told the WALL STREET JOURNAL that his company is "looking for a partner in the U.S." that would allow it to gain access to a "significant volume of subscribers." Currently, DEEZER three million paying subscribers, compared to SPOTIFY's five million, with one million of them residing in the U.S.

DEEZER's service, available in 160 countries, offers two free hours of ad-supported music streaming, but also has monthly plans ranging in price from $9 to $12 a month for those who want to stream music to their mobile devices.

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