Blavatnik buys into French Internet service

In October 2012 Leonard Blavatnik’s Access Industries paid USD 130 million for a shareholding in French music Internet service Deezer. The deal should help Warner Music, which is owned by Access Industries, to access the on-line music market. Deezer is a competitor of Spotify.

In 2011 global digital music sales were worth over USD 5 billion.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: