Posts Tagged Pandora
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 »
There can be few better ways of starting a week you know will end with a major strategic announcement than by inadvertently ‘doing a Ratner’. But seeing as the deal Nokia chief executive Stephen Elop unveiled on Friday was one to kill off Symbian, the leaking of a memo in which he compared it to “a burning platform” probably didn’t do too much harm.
The company’s decision to jump into bed with Microsoft and use its Windows Phone 7 operating system might seem an odd one – Nokia invented the smartphone and leads the market with 37.6% of all smartphones sold last year running its Symbian operating system.
But its smartphone position has been waning, with market share down from 46.9% in 2009 and, as Elop noted, “Apple owns the high-end range” and Android is “winning the mid-range, and quickly they are going downstream to phones under €100”. Read the rest of this entry »