SoundCloud valuation drops to a dramatic low
The rain continues to pour from SoundCloud, as a recent report indicates that the Berlin based streaming platform lost 75% from its previous valuation. According to a report from Recode, the company which was valued at $700m just three years ago, is struggling to source the capital required to maintain and could sell for a floor […]
Soundcloud’s agreement with Sony highlights a forthcoming paid service
Streaming platform Souncloud is an artist community built off of free streaming. But with losses growing far greater than its income, its business model has become a primary focus. Following a reached agreement between Soundcloud and Sony, a devolution of control will be handed over to large labels. Streaming has become a dominant form of […]