* Deezer launches unified platform
* Sonos ( SONO ) partnership expands to ad-supported monetization
* AI detection tech used to exclude fully AI-generated
music
(Recasts, Adds shares move in paragraph 2)
By Mathias de Rozario
March 19 (Reuters) - French music streaming platform
Deezer said on Thursday it was reshaping its
partnership offerings under a single brand after reporting its
first ever annual profit late on Wednesday.
The company's shares rose as much as 12.7%, leaving the
stock on track for its best day since November last year.
Deezer, which competes with Spotify ( SPOT ) and Apple
Music in the crowded music streaming market, said it
would introduce a new unified platform for businesses to boost
its AI-detection and advertising offering.
That will complement streaming solutions for businesses and
its products being integrated into third parties' consumer
offerings, it said.
The company also renewed its partnership with Sonos ( SONO )
, expanding the collaboration to include ad-supported
monetization on Sonos Radio through the Deezer Ad Exchange.
The American audio manufacturer will now use Deezer's
technology and its network of advertising partners to monetize
their free services.
Deezer is aiming to boost the use of its AI detection
technology that it's already using to exclude fully AI-generated
music from its users' recommendations, it said.
The streaming group on Wednesday reported a 12.1% decline
in its Partnerships revenue to 147.8 million euros ($169.4
million).
($1 = 0.8725 euros)