Peter Kafka

Recent Posts by Peter Kafka

Spotify Competitor Deezer Raises Big Round

Deezer, the Spotify-like streaming music service that is big in France, has raised a reported $130 million in a round led by Warner Music Group owner Access Industries. Of that, $30 million will supposedly be used to buy out existing shareholders. Earlier this week Deezer invited press to an October 10 event where it said it would reveal “details of a major new funding investment.”


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work