Paris-based music streaming service Deezer — widely seen as Spotify’s main rival — announced last week that it had acquired San Francisco-based Stitcher, a leading online mobile radio service that carries eight of the top 10 US terrestrial radio shows.
Deezer has today confirmed to e27 that integration of the two services will roll out globally next year, though a spokesperson was unable to share a breakdown of user numbers in Asia or Southeast Asia.
The acquisition amount was not made public, but Stitcher, founded in 2008, had previously raised capital to the tune of US$18.7 million across three rounds — the last of which was a US$10 million Series C round in September 2011.
“Almost every music listener listens to some form of talk radio, whether it is news, entertainment or sports. We see the ability to deliver better talk streaming solutions in the same way that we are doing in music to super serve the needs of our global audience of 16 million users and growing. The acquisition of Stitcher helps us realise this opportunity,” said Daniel Marhely, Founder, Deezer in an official statement.
Deezer believes the acquisition will allow it to ‘become a truly global on-demand audio provider, offering consumers over 35 million music tracks and 35,000 radio shows and podcasts’. Its service is available in 180 countries, and it boasts five million paid subscribers.
Stitcher, which is currently the top-rated podcast app on Android and the second-most popular app on iOS, will continue to receive support from its new parent company.
To date, Deezer has raised about US$150 million in capital over three investor rounds. The largest and most recent was a Series D round worth US$130 million from Access Industries.