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Soundcloud may be forced to close due to $44m losses! (pg. 3)
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| MSZ |
| Im assuming its going to be optional with premium features. Seems like a mess if djs are pretty much selling their sets. Then again, its been done already. |
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| DJ RANN |
| quote: | Originally posted by MSZ
Im assuming its going to be optional with premium features. Seems like a mess if djs are pretty much selling their sets. Then again, its been done already. |
True, and I have no idea who they expect not to be in serious copyright litigation for making money off DJ's putting mixes together with other people's music. How the are the going to manage royalties? Or are they saying you have to pay to upload? That's bonkers given there's a ton of other platforms charging nothing.
If they do it, it will sink SC.
To be honest though, the founders of youtube sold the company because they knew it was one giant copyright infringement cluster for them. Even though they got hundreds of millions, it was still a pittance compared to what it was actually worth but they knew to get the out and give it to a global company that had a dick big enough to deal with the labels and other media companies.
to this day, I have no idea how youtube actually gets away with it. |
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| MSZ |
| Advanced algorithms and blockchains are a possibility. My friend worked on this www.legitmix.com as a coder. Its still a lot of grey-area but there is a lot of technology out there being developed, from my readings in the last few weeks. |
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| Viber |
There's no choice then.
They must let the camwhores IN. |
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| Richard Butler |
What's with all these multiple re-post users on SC? One re-posted a track of mine 6 times but I'm not flattered as I can see he's doing this relentlessly every other minute.
God I'm niave |
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| SystematicX1 |
| quote: | Originally posted by Richard Butler
What's with all these multiple re-post users on SC? One re-posted a track of mine 6 times but I'm not flattered as I can see he's doing this relentlessly every other minute.
God I'm niave |
But is that really a bad thing? Or am I just as blind |
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| SystematicX1 |
Social media giant Twitter has announced that they will be investing $70 million in streaming company SoundCloud as part of a round of investment that could bring in a cool $100 million and raise SoundCloud’s value significantly.
It might all sound a bit familiar, and that’s because Twitter allegedly looked into buying SoundCloud back in 2014 before walking away empty handed. The value of the streaming giant at the time was put at $700 million, coincidentally the same figure as it is expected to be worth once Twitter’s investment is complete. Few further details of the deal have been announced since it was originally reported by tech website recode, however both companies have confirmed that an investment round is under-way.
Twitter CEO Jack Dorsey said, “earlier this year, we made an investment in SoundCloud through Twitter Ventures to help support some of our efforts with creators. They’ve been great partners of ours over the years and their community-supported approach mirrors ours in many ways.”
Meanwhile SoundCloud released a statement that said “We can confirm that Twitter has made an investment in SoundCloud. Both companies facilitate and inspire contemporary culture to happen in real time while reaching millions of people around the world. This investment will enable SoundCloud to remain focused on building value for creators and listeners alike, and to continue the global rollout of many company initiatives such as our recently launched subscription service, SoundCloud Go.” |
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| cryophonik |
| So, now the rumour is that SoundCloud is for sale at one billion dollars. That's pretty tempting... |
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| Mr.Mystery |
Spotify 'in talks to take over Soundcloud'
The two sides are in advanced negotiations, according to the Financial Times. The talks come at a time when competition in the streaming music sector is intensifying.
Sweden's Spotify remains the market leader but faces increasing competition from Apple Music and Amazon's recently launched music service. German-based SoundCloud built its business by allowing artists to upload their music and share it with fans on social media and blogs. It has established the company as an influential player in The music industry, especially in the dance music genre. In March, the company launched a pay-for streaming service similar to the offering from Spotify or Apple Music.
No profit so far
The firm has failed so far to make a profit, but has Twitter as its most high profile investor. Mark Mulligan, an analyst at consultancy Midia, has been blogging on the takeover claims.
"Soundcloud has been shopping itself around for some time, while Spotify needs to continue outpacing Apple as it heads towards an initial public offering."
But a deal would be "far from a guaranteed winner for Spotify" as Soundcloud's growth may have "peaked" in 2014, he says. |
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| DJ RANN |
This is all such bull.
Spotify can't make a penny and the reason twitter invested was becuase they wanted a quick payoff if it sold to some big media company. in other words, we'll dump in $70m @ a $700m value and if it sells for more we make a nice profit.
The problem with spotify is that they think they can pull a twitter; endlessly get investment until they figure out how to make money for it, but it aint twitter where the content is being provided for free. Adding Soundcloud is for two reasons: trying to bolster the portfolio for a sale and getting original content rather than paying for all of it.
It's all exit strategy stuff however, as even though Spotify has apparently $1bn in cash on hand. it's all from debt since (they had to postpone their ipo due to "market conditions" (read: wasn't going to go well at all)).
Essentially, they're trying to figure out (probably with equal parts pressure and help from twitter) how to get to an IPO that would make money, then it's a case of trying to make money from it after the fact.
Seems daft though as Soundcloud is in decline and I don't see how spotify are suddenly going to revive it without fixing it's problems (spam comments, quality etc). |
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| Raphie |
Soundcloud is dead
- it's not another destination for A list artists
- nobody is interested listening to hobbyists, certainly not paying for them
- they gave their marketshare to bandcamp and others for selling independantly.
So soundcloud, they don't bring jack to the table |
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