Music subscription service Deezer has confirmed a new investment from Warner Music owner Access Industries totalling $130 million (approximately £80m).

The investments makes Access Industries “a cornerstone investor in the company” according to Deezer.

The streaming music service intends to use the new funds for further geographical roll out and product updates, with full details set to be revealed on Wednesday.

“One year ago, we launched Deezer worldwide. We now operate across every continent and have 2 million paid subscribers,” ...