SoundCloud ‘is fully funded into the fourth quarter’
After a report on TechCrunch based on leaks from an internal meeting raised new doubts about SoundCloud’s financial sustainability, the streaming service has responded. But its statement pretty much confirms the claim...
July 14, 2017
SoundCloud CEO: ‘We decided we would take more control’
Last year, campaigners for the UK to leave the European Union urged voters to “take back control” – although ever since a narrow majority of Brits voted to do exactly that by backing ‘Brexit’, the process has looked...
July 13, 2017
Hire a SoundClouder spreadsheet goes public after layoffs
SoundCloud announced that it was laying off 40% of its staff – 173 people – last week. We suggested on Friday that other streaming services and music companies would be keen to snap up some of those employees. Now...
July 10, 2017
Collaboration with YouTube and SoundCloud key to tackling stream-ripping piracy
Earlier today, we covered a new report co-published by PRS for Music and the UK's Intellectual Property Office (IPO) about 'stream-ripping' piracy – where music from streaming services is converted into downloads to keep. Following...
July 7, 2017
With 40% of employees laid off, what now for SoundCloud?
It seems contradictory to describe SoundCloud’s announcement yesterday that it was laying off 173 staff as a shock but not necessarily a surprise. That has been the most common sentiment in the responses to the news...
July 7, 2017
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