Posts Tagged Twitter
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 »
In a move more likely to provoke a shrug of our collective shoulders than a lament for its passing, Twitter has decided to axe its #Music service.
Centred around a mobile app that was meant to help users discover new music and artists based on tweets, #Music was given a big launch last year for iOS devices.