Deezer said the acquisition will give it access to roughly
35,000 radio shows and podcasts, including popular talk radio
programs such as This American Life and BBC.
Deezer did not disclose financial terms of the deal for Stitcher,
which was founded in 2008 and has raised nearly $19 million in
funding, according to media reports. Stitcher’s service is
built-in to 50 different car models, according to Deezer.
Digital music is attracting a growing number of consumers and
companies as sales of physical compact discs decline.
Earlier this week, Google Inc updated its Play Music service
with new recommendation features that the company acquired
through its purchase of startup Songza. Apple Inc, Amazon.com
Inc, Spotify and Pandora Media Inc are all vying to attract
consumers to their streaming music services.
Deezer, which is based in Paris, has said it has 5 million
paying subscribers.
(Reporting by Alexei Oreskovic:Editing by Cynthia Osterman)
[© 2014 Thomson Reuters. All rights
reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
![](column_spacer.png)
|
|