First, Spotify successfully went public on the New York Stock Exchange. Then, yesterday, Music Week revealed that French streaming service Qobuz was considering its own IPO. So who could be next in the big digital music/stock exchange bonanza?
Order Song Machine Season One: Strange Timez by Gorillaz here – present Song Machine Season One Episode Three: A. Like all the other Gorillaz band members, he was created by Damon Albarn and Jamie Hewlett in 1998 and made his first official appearance in Gorillaz' debut EP Tomorrow Comes Today in 2000. Russel's spoken voice is supplied by Remi Kabaka Jr., who joined Gorillaz in an official capacity on actual percussion in 2016. After three long years of inactivity, the time came to strike back and strike hard. 2017 was the largest year for Gorillaz content, not only through publicity and merchandise, but also the countless commercial tie-ins and their first studio album in seven years, Humanz.Much like Phase 2, the goal of Phase 4 was to re-establish Gorillaz as a group who could easily continue to produce innovative.
One obvious candidate would be another French streaming service, Deezer, which was poised to go public back in 2015, before pulling out at the last minute. But now, Deezer CEO Hans-Holger Albrecht has told Music Week about their opportunities going forward – and he’s not ruling anything out.
“We are not discounting any future options, and will consider the possibility of an IPO if and when the time is right,” he said, before adding: “At this stage, we are not pursuing an IPO.”
As Deezer mulls its options, it’s worth revisiting what happened last time around. Deezer pulled the plug on its IPO in October 2015, back when streaming’s market dominance was but a twinkle in Daniel Ek’s eye, and tech stocks were not particularly popular on Wall Street.
Deezer cited “market conditions” as the reason for its U-turn, and those conditions have now changed. As revealed in this week’s print edition of Music Week, streaming accounted for 62.7% of total UK music consumption in the UK in Q1. And Spotify’s IPO has shown technology is back in favour with City types – its shares are now trending upwards on NYSE, hitting a high of $169 on Tuesday (April 10), equal to its first day peak.
Deezer – which is shortlisted in the Music Retailer/Streaming Platform category at this year's Music Week Awards– has also transformed its financial outlook, with a controlling stake now owned by Warner Music owner Len Blavatnik’s Access Industries. And, with the global explosion of streaming, particularly in markets previously untouched by the legal music business, Deezer – which operates in over 180 territories, more than double Spotify’s total – could be well-placed to benefit.
Whether that leads Deezer down the road to a second attempt at an IPO remains to be seen – but watch this space…
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Song Exploder – Episode 102: Gorillaz – Andromeda (feat. D.R.A.M.)
Release date: 11th April 2017
This episode of the podcast, Song Exploder features Damon Albarn & DRAM explaining the making of Andromeda.
Things I Like by Russel
- Trailer: 1st May 2018
- Episodes 1-2: 2nd May 2018
- Episode 3: 9th May 2018
- Episode 4: 16th May 2018
- Episode 5: 23rd May 2018
- Episodes 6-7: 30th May 2018
Deezer Gorillaz 2
Where to listen: https://www.deezer.com/en/show/56535
This podcast was released through Deezer and features Russel interviewing various collaborators from Humanz.
Deezer Gorillaz Roblox Id
- Introducing Things I Like by Russel from Gorillaz
Deezer Gorillaz Download
Deezer Gorillaz Songs
- Posdnuos: advice to my younger self
- Jehnny Beth’s afterlife dinner party
- Peven Everett: are aliens amongst us?
- Little Simz: stillness in wonderland
- Pauline Black on the power of Ska
- Cheick Tidiane Seck: Africa is the future
- Gabriel Wallace and Russel’s drumming masterclass