Tag: soundcloud

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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...