broadcasting

Spotify Rival Deezer Strikes SPAC Deal Valuing It at About $1.1 Billion

PARIS—French music streaming service Deezer is merging with a special-purpose acquisition company and aiming to go public at a €1.05 billion, or about $1.13 billion, valuation, the companies said. The Paris-based competitor to Spotify Technology SA and other music streamers have 9.6 million subscribers and generated revenue of €400 million in 2021, Deezer said in …

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CNN+ Streaming Service Is Shutting Down a Month After Launching

CNN is shutting down its streaming service CNN+ about a month after it launched, a sign of its new owners’ lack of faith in the viability of a subscription-based stand-alone news platform. The decision to pull the plug on CNN+, which was off to an underwhelming start, came less than two weeks after CNN ownership …

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