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To fix SoundCloud, it must become the anti-Spotify
Startups die by suicide, not competition. It wasn’t that anyone was stealing SoundCloud’s underground rappers, bedroom remixers and garage bands. SoundCloud stumbled because it neglected these hardcore loyalists as it wrongly strove to usurp Spotify as the streaming home of music’s superstars. Read More
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SoundCloud faces do-or-die vote by investors
SoundCloud will soon collapse if investors don’t vote for a rescue funding round tomorrow. The stumbling music streaming community site had to suddenly lay off 40% of its staff last month. Now it’s asking investors for $169.5 million at a pre-money enterprise valuation of just $150 million. That’s a steep drop from the $700 million valuation of its previous rounds. Read More
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Sick of SoundCloud? Anchor offers podcast transfer with free hosting
SoundCloud is on shaky financial footing, saying it only has enough money to last a few more months unless someone buys or invests in it. That’s sure to cause anxiety in content creators with their life’s work stored on SoundCloud. Now some new startups are nipping at SoundCloud’s heels by focusing on podcasting in ways the music streaming service never did.
Anchor is a… Read More
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SoundCloud sinks as leaks say layoffs buy little time
A tense scene unfolded yesterday as user-generated music streaming service SoundCloud held an all-hands meeting to explain to employees why it suddenly had to lay off 40 percent of its staff last week. Exiting team members wanted to know why they weren’t warned, while those who survived the cuts wanted assurance that the cost reductions would keep the company afloat for the long-run. Read More
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Dubset raises $4M to legalize remixes for Spotify and Apple Music
Record labels refuse to allow streaming of remixes and hour-long DJ sets unless copyright owners get paid for every little sample. Dubset just raised $4 million to handle that legal mess so Spotify and Apple Music can offer the type of music that used to live illegally on SoundCloud. Read More
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SoundCloud Pulse, A Dedicated App For Music Creators, Arrives On iOS
SoundCloud Pulse, the music streaming service’s dedicated app for artists and creators, is now available on iOS. In an odd move in a market where apps tend to release on iOS first, Pulse first debuted on Android back in November. Like the Android version, the iOS app also aims to make it easier for users to share their sounds and tracks, interact with fans, and track their performance… Read More
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Report: SoundCloud Secures $35M In Debt Funding
SoundCloud has raised 300 million Swedish krona (the equivalent of around $35 million USD) in debt funding with Tennenbaum Capital Partners, according to Swedish news site Digital. The report also indicates that SoundCloud has an option to borrow another 600 million Swedish krona (~ $70 million USD) through convertible bonds. Tennenbaum Capital Partners is an American firm that specializes in… Read More
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Full Stack Music: 1 Trillion Streams, 200 Million Tickets
At present, there are three distinct music industries: radio, on-demand music, and concert ticketing. However, we are starting to enter a new phase, where these industries will converge and produce one integrated experience for artists and fans. I’ve taken to calling this full stack music, because at heart it speaks to a holistic experience that integrates these industries through data. Read More
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In Wake Of Apple Music, SoundCloud Update Focuses On Music Discovery, Better User Experience
All the buzz this week may be about the launch of Apple Music, but another popular streaming music application, SoundCloud, has also now rolled out a notable update to its mobile application. The update – which delivers new features including related tracks, shuffle, direct playlist editing, and more – is aimed at both improving music discovery and the overall user experience.… Read More
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Leaked Contract Shows SoundCloud’s Plans For Ad-Free Subscriptions And Paying Labels
SoundCloud is desperately trying to go legal and pay royalties before labels pull their music from the streaming service. A contract for legal licensing with independent music publishers shows just how much that could cost the Berlin-based startup. Though this copy of the contract is unsigned, the National Music Publishers’ Association and SoundCloud last month announced they had struck… Read More
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