Posts Tagged music downloads
SoundCloud staff reductions cut deep, Twitter strikes live-streaming deal with Live Nation, Pandora slims down its operations, internet music pioneer eMusic relaunches and Spotify defends itself from ‘fake artist’ accusations.
SoundCloud has cut 40% of its staff in a defensive move to protect its independence within an increasingly tough online music market. The decision comes despite doubling its revenue in the last 12 months, but co-founder Alex Ljung said that, alongside the cost-cutting, further growth is needed from its advertising and subscription revenue streams. Less than a week after that announcement Ljung was forced to put out a statement saying ‘SoundCloud is here to stay’. Read the rest of this entry »
Spotify is in a celebratory mode after announcing it has become Europe’s biggest music subscription service less than two years after unveiling its offering.
The UK-headquartered company bullishly says that it’s now closing in on “the world title”, though broadcasting this in a tweet conveniently left too few characters to provide any actual detail to its claim – like how many subscribers have stumped up for the paid-for premium option.
Meanwhile, the ‘iTunes-in-the-cloud’ service this week added John Lennon to its catalogue, meaning it just needs George Harrison for a full set of solo Beatles (assuming you don’t count curiousities like the ’70s Hits Singalong’ version of My Sweet Lord that it currently offers). Read the rest of this entry »