Posts Tagged SoundCloud

Digital Music roundup: Facebook, Napster, SoundCloud, streaming music growth

Facebook digital music

Facebook adds new music deals, Napster partners on smart soundbar, SoundCloud denies quality loss, UK and US streaming market growth

Facebook has followed up on its recent a rights deal with UMG, with a spree of further deals, this time with music publishers Sony/ATV, Global Music Rights, SESAC’s HFA/Rumblefish and Kobalt Music Publishing. Covering Facebook, Instagram, Messenger and Oculus, the agreements cover areas such as music use within user-generated content, as well as more ways to “be your favourite artist’s biggest and best groupie”.
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Digital music roundup: SoundCloud, Pandora, Twitter, eMusic and Spotify

SoundCloud

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 »

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