“We are back to meaningful subscriber growth and secured top line acceleration starting in Q4," said CEO Jeronimo Folgueira.
An "in-depth" study will analyze streaming data to evaluate the viability of different economic models for remunerating songwriters, composers and rights holders.
The company's stock ended the week at $4.52 while the overall Billboard Global Music Index gained 1.1% for a year-to-date improvement of 15.2%.
Deezer's new model doesn't address some of the fundamental issues with the economics of streaming, says former Sony Music exec Thomas Hesse.
The trade group has "concerns" that the model will disadvantage independent artists and labels.
Jeronimo Folgueira breaks down the streamer's new "artist-centric" payout model and how the company arrived at the definition of a "professional artist."
Lean-back listening has gotten a bad rap, but streamers and rights holders should recognize the value it brings to fans.
The new system, due to roll out in France during the fourth quarter, will reward "professional artists" and songs that drive fan engagement.
The Billboard Global Music Index rose 4.7% as 12 of its 21 stocks posted gains this week.
Also this week: LVRN links up with Audiomack, NetEase signs an expanded agreement with RYCE Entertainment and more.
