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Deezer SA ( (FR:DEEZR) ) has shared an update.
Deezer and Sacem have announced the implementation of the Artist Centric Payment System (ACPS) for publishing rights in France, marking the first revision to the remuneration model since the rise of streaming. This partnership aims to ensure fair compensation for artists, songwriters, and publishers by focusing on genuine music consumption and reducing fraudulent activities, potentially setting a new standard for the digital music economy.
More about Deezer SA
Deezer, traded on Paris Euronext as DEEZR, is a prominent music experience platform, known for its innovative approaches in the music streaming industry. Sacem is a leading organization in the collective management of creators’ and publishers’ rights, focusing on equitable distribution of music revenue.
YTD Price Performance: -2.99%
Average Trading Volume: 6,494
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €191.8M
Learn more about DEEZR stock on TipRanks’ Stock Analysis page.