SoundCloud lays off 173 staff and consolidates offices
Amid renewed rumours that SoundCloud is about to be acquired, the company has announced that it is laying off 173 of its staff, while consolidating its offices down to Berlin and New York. CEO Alexander Ljung announced...
July 6, 2017
Deezer and Apple tipped for potential SoundCloud acquisition
Rumours about an imminent acquisition of streaming service SoundCloud had died down, but the gossip-drums are beating once more. The New York Post – still the publication of choice for strategic music-industry leaks...
July 4, 2017
How can indie music companies succeed in streaming? (#midem)
Major labels are enjoying surging streaming revenues: industry site MBW recently calculated that Universal, Sony and Warner generated more than $1bn from streaming in the first quarter of 2017 alone. What about independent...
June 6, 2017
YouTube has the WAU factor in Anglo music markets
WAU? Weekly Active Users: a metric that Midia Research’s Mark Mulligan thinks is more relevant in 2017 than monthly active users. “The MAU metric is past its sell by date. In today’s always on, increasingly mobile...
May 26, 2017
SoundCloud confirms $70m debt-funding round
After much speculation about its financial health in 2017, SoundCloud has bought itself more time by finalising a $70m round of debt-funding. The company confirmed the news after Business Insider spotted a filing with...
March 24, 2017
Report claims SoundCloud valuation will drop without funding
It is open season on SoundCloud speculation, as the streaming service seeks a new round of funding to keep its doors open beyond the end of 2017. This situation is not in doubt – SoundCloud itself admitted it within...
March 13, 2017
Could Sonalytic help Spotify build, not buy SoundCloud?
We reported yesterday on Spotify’s acquisition of British startup Sonalytics, which we’d tipped as one to watch in our recent innovation and startups report. “Their advancements in audio feature detection will be...
March 8, 2017
SoundCloud launches mid-tier $4.99 subscription service
SoundCloud is shaking up the way its premium subscription offering works, with a new $4.99-a-month mid-tier option that doesn’t include the 30m+ tracks added to the service through its licensing deals with labels. This...
February 28, 2017
SoundCloud criticises Financial Times over ‘begging’ claims
SoundCloud isn’t happy at all about the Financial Times’ report earlier this week on the company’s current situation. While it’s true that two senior executives recently left SoundCloud, and that the company is...
February 14, 2017
SoundCloud claims ‘solid growth’ despite accounts warning
SoundCloud says its business enjoyed “solid growth” last year, but the publication of its accounts for 2015 is sparking renewed concerns about the company’s sustainability in 2017. Those accounts revealed that SoundCloud’s...
January 6, 2017
Google the latest company linked with SoundCloud acquisition
Twitter isn’t buying SoundCloud. Spotify isn’t buying SoundCloud. Could Google be buying SoundCloud? That’s the latest industry rumour over the latter company’s future. Music Business Worldwide suggests that Google...
January 4, 2017
MusicWatch thinks iHeartRadio Plus can get 4m subscribers
“Will iHeart’s audience pay? You bet, maybe!” claims the slightly confusing headline for research firm MusicWatch’s latest blog post. In fact, the company has concluded that millions of iHeartRadio listeners *will*...
December 7, 2016