Tag: soundcloud

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SoundCloud 2016 financials show losses increased to $74.5m

SoundCloud has published its financial results for 2016 through Companies House in the UK. They show that the company’s revenues grew by an impressive 88.9% to €50.3m that year (around $62m) but that its net loss grew...
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SoundCloud says it surpassed $100m of revenues in 2017

SoundCloud CEO Kerry Trainor has been talking to the Financial Times about what he says is a corporate comeback for the streaming service, following its troubles of 2017. According to Trainor, SoundCloud’s revenues last...
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‘First on SoundCloud’ program will celebrate early creators

For all its troubles in the last year, SoundCloud still elicits affection from a lot of artists who made their first moves on the platform – including some who’ve since become global stars. Now the streaming service...
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Twitter has written off most of its investment in SoundCloud

In June 2016, Twitter invested $70m in music-streaming service SoundCloud: a partnership that seemed quite exciting at the time. A year and a half on, and Twitter has written off $66.4m of that investment, according to its...
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SoundCloud: ‘Do not think of us [just] as a streaming service… we’re a form of social media’

How did Chance the Rapper, Lil Uzi Vert and other artists have such success building an audience on SoundCloud? Because they saw it as more than just a music-streaming service. That’s according to SoundCloud’s director...
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SoundCloud revamps app home screen with playlists and recommendations

SoundCloud is redesigning its app’s home screen with more focus on playlists and recommendations, including two new own-brand playlists showcasing trending hip-hop and dance tracks. The app’s homepage will now be based...
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Spotify, Deezer and SoundCloud launch European lobbying coalition

Music-streaming services Spotify, Deezer and SoundCloud are among the founder members of a new coalition that plans to represent the European digital music industry in Brussels. Streaming service Qobuz, B2B firm 7digital...
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SoundCloud now shows creators who’s playlisting their tracks

Traditionally, individual tracks have been the important unit on SoundCloud, with the streaming service’s discovery dynamic being mainly about following the right people to surface the best tracks into your feed. However,...
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SoundCloud secures new investment – and gets a new CEO

SoundCloud has secured new investment from merchant bank The Raine Group and investment firm Temasek, with former Vimeo boss Kerry Trainor taking over as CEO as part of the deal. SoundCloud's existing CEO, co-founder Alexander...
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SoundCloud’s future will be decided today – for better or worse

After months of speculation about SoundCloud’s financial health, today might just be the most important day in the music-streaming service’s history. Its current shareholders must decide whether to approve a proposal...
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Potential SoundCloud investors named as Raine Group and Temasek

Earlier this week we reported on claims that SoundCloud was in negotiations to sell a majority share in the company to two private-equity groups. At the time they were unnamed, but it didn’t take long for journalists...
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SoundCloud survival may involve new private-equity investors

Having laid off 40% of its staff and closed several offices in an effort to “take more control” over its future, SoundCloud is now tackling the challenge of securing funding to ensure its survival beyond the final quarter...