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If it looks like a duck, walks like a duck, quacks like a duck, then, according to SoundCloud, it’s probably fake news. First, Spotify walked away from a rumored acquisition deal. According to the Swedish company, acquiring SoundCloud would slow down their IPO plans. Then, the company posted weak financials. Net losses grew at an […]
The post Is SoundCloud’s ‘Desperate’ Funding Fake News? Probably Not appeared first on Digital Music News.
COO Marc Strigel and Finance Director Markus Harder both exit troubled company
The post A month after posting heavy losses, SoundCloud loses two top execs appeared first on Music Business Worldwide.
Last year, SoundCloud launched GO, a premium subscription tier. Now, SoundCloud is facing millions in a patent infringement lawsuit. The following is a Digital Music News exclusive report, based on court filings obtained this morning. We’ll be updating this story as we learn more. SoundCloud’s 99 problems now include a massive lawsuit and patent infringement […]
The post Breaking: SoundCloud Faces Massive Lawsuit Over ‘GO’ Subscription Service appeared first on Digital Music News.
New hires to lead advertising team in Australia
The post SoundCloud poaches Pandora, Facebook execs in Australia appeared first on Music Business Worldwide.
Wahlforss is now Chief Product Officer, leading the strategy around all product initiativesThe post Soundcloud co-founder Eric Wahlforss switches job as firm hires CTO appeared first on Music Business Worldwide.
Average wage at Berlin-based company topped €90k last year despite perilous financial position
The post SoundCloud ‘may run out of cash this year’ as it posts €51m loss appeared first on Music Business Worldwide.
Document reveals majors’ ownership stakes as the big G comes a’knocking…
The post Google mulling SoundCloud buyout, say whispers – as Sony and Universal’s stakes are revealed appeared first on Music Business Worldwide.
Spotify says no to this SoundCloud deal. Why? Three letters: IPO. Back in September, the Financial Times reported that Spotify might purchase streaming competitor SoundCloud. The firms were in advanced acquisition talks. If successful, Spotify would hold a stronger position against competitors, including Apple Music, Amazon Music Unlimited, and Pandora. SoundCloud had a value of […]
The post Spotify Walks Away From SoundCloud Acquisition appeared first on Digital Music News.
Paid-for Spotify rival now available in four European marketsThe post SoundCloud Go launches in Germany appeared first on Music Business Worldwide.
A comprehensive catalog for SoundCloud’s European users. Correct payments to artists. This deal is a win-win. ICE and SoundCloud have reached a multi-territory licensing agreement, according to a statement released today. The licensing agreement includes the entire repertoire Germany’s GEMA, Swedish society’s STIM, and the UK’s PRS for Music. This follows a previous agreement reached […]
The post ICE and SoundCloud Reach Multi-Territory Licensing Agreement appeared first on Digital Music News.