Can Deezer Make Money Streaming Music?

IPO filing shows few indications of future profit.

An app worth $1 billion.

Photographer: Chris Ratcliffe/Bloomberg

Deezer, the Paris-based music streaming service, will be the first company in that budding industry to go public. Its initial public offering prospectus, for a share sale toward the end of the year, provides fascinating insight into how the streaming business works -- or rather, how it could work.

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