(AOF) – Deezer announced on Monday a change in the chairmanship of its Board of Directors. Guillaume d’Hauteville resigned as Chairman of the Board of Directors on December 31, 2022, and Iris Knobloch was appointed Chairman of the Board, effective January 1, 2023. Following this change, Guillaume d’Hauteville was appointed Vice-Chairman of the Board of Directors, a position previously held by Iris Knobloch.
Iris Knobloch, Chair of the Deezer Board, said: “I look forward to continuing to work side by side with Guillaume d’Hauteville and the Deezer Board, a highly skilled and diverse group of people. Together , we will continue to support Jeronimo and its quality management team on the path to profitable growth. Deezer is delivering strong operating results in a challenging macroeconomic environment, and I am very pleased to help one of the leading technology companies in Europe to take it to the next level, while creating long-term shareholder value.”
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Sector analysis Communication and Media
French players well positioned in audiovisual production
Among the independent players, the Frenchman Banijay is the world leader with an expected turnover of 3 billion euros in 2022 in a market which represents 100 billion in revenue. Mediawan (backed by the KKR fund), whose turnover amounts to 1 billion euros, is the other main French player in the sector. The market is still very fragmented because according to the European Audiovisual Observatory, the top twenty production groups were responsible for only 38% of titles created in 2020. However, experts believe that the sector has entered a phase consolidation. Thus Banijay’s stock market listing aims to enable it to better participate in this movement.