Music Business News: France

After launching its artist-centric payment model, Deezer unveils new brand identity and redesigned app

Company claims to be 'reinventing itself as an experience services platform'.

TikTok’s $1bn creator fund to shut down in the US, UK, Germany, and France starting next month (report)

Platform is inviting creators to join its ‘Creativity Program’

Deezer’s ‘artist-centric’ model now has a new ‘user-centric’ element which, despite not really being ‘user-centric’, is quite a clever idea.

MBW Explains: Digging into what Deezer's latest addition to 'artist-centric' really means

Deezer added 600,000 new subscribers in Q3, and its revenues rose 5.5% YoY

Deezer has published its financial results for the third quarter of 2023

Global songwriter royalty collections hit $11.35bn in 2022 – with Latin America revenues up 64.9% YoY

Publisher and songwriter royalties collected globally grew 28% YoY in 2022

Believe generated $234m in Q3, up 9.1% YoY

Paris-headquartered music company Believe has published its financial results for Q3 2023

Gap between music and video streaming prices widens as Netflix announces $3 hike to Premium subscriptions

Netflix Premium will now cost $22.99 per month in the US, up $3 from $19.99, an increase of 15%

BMG expects to spend another $400m on catalog acquisitions this year – and just made its largest ever recorded music acquisition in France

BMG has acquired the recorded music catalog of superstar French DJ and electronic music artist Martin Solveig