The French music streaming platform Deezer is to start operations in Germany in the next few weeks as part of the company’s expansion plans.<\/p>\n
According to Deezer CEO Jeronimo Folgueira, the company is interested in replicating its Brazil strategy in other countries but is focusing on a handful of countries for now, with Germany next on the list. On its Germany operation, the company has secured a local partnership with RTL Group.<\/p>\n
“I think in Brazil we were able to replicate the model that we successfully done in France, which is we enter the market with big strategic partners – like TIM, Globo and Mercado Libre here – who really help us get scale. We are launching Deezer inside of the RTL + app, and that’s happening in the next few weeks. It will give us very strong entry into the German market,” said Folgueira.<\/p>\n
Folgueira said the company needed to raise capital to implement its expansion plans, as well as provide liquidity for some of its investors and make room for “potential M & A down the road.”<\/p>\n
The CEO also hinted at the possibility of expanding into other markets such as the U.S. and the UK, where the company has little presence.<\/p>\n