Deezer takes minority stake in Driift
France-born streaming company Deezer continues its spending spree in the livestreaming sector with an investment in Driift
News By IQ | 4 October 2021
Paris-based global streaming company Deezer has acquired a minority stake in UK-based livestreaming company Driift.
Driift says that the new funding will help it accelerate its growth, while Deezer plans to leverage its technology and expertise to support the livestreaming platform’s future growth, including the roll-out of new products and offerings.
The announcement follows Deezer’s strategic investment in Dreamstage – a US-based live music streaming startup – and the launch of its new live brand, Deezer Live.
Driift was founded…
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