Paris
– Deezer, the France-based streaming music service, has seen its co-founder and
CEO Jonathan Benassaya forced out by investors, TechCrunch reports. The
investors were reportedly not satisfied with the performance of the company
with relation to ad sales and the recent switch to a $14 per month subscription
model. Deezer reportedly counts 10 million users in Europe,
but was only able to convert 10,000 to paying customers over three months.
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(TechCrunch)
