Soundcloud: Last News

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All news where Soundcloud is mentioned

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SoundCloud is reportedly going up for sale
SoundCloud is reportedly going up for sale, and is predicted to fetch upwards of £1billion.News that the owners of the company – which is one of the world’s largest music streaming services – are preparing to sell comes via a new report from Sky News.According to the update, Raine Group and Temasek Holdings, the Singaporean state investment fund, have begun interviewing investment banks, related to a prospective auction of the brand.As of today (January 8), more than 40million artists are active on the platform, and a total of 320million songs have been released on the service since it launched over 15 years ago. First emerging back in 2007, the service has acted as a home for many artists – allowing them to publish their work online and direct listeners to their respective pages.The reports of the company going to auction follows a string of redundancies made in recent years.Back in August 2022, it was announced that SoundCloud would be making cuts to its workforce, and laying off approximately 20 per cent of its workforce globally.The reasons were attributed to changes in the economic and financial landscape, and followed another mass lay-off of staff seen in 2017, when a near-40 per cent cut was made.“During this difficult time, we are focused on providing the support and resources to those transitioning while reinforcing our commitment to executing our mission to lead what’s next in music,” the company wrote in a statement in 2022.As highlighted in today’s report, when Raine and Temasek invested in 2017, the business was reportedly on the brink of collapse.
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Russia bans SoundCloud over “false information” regarding Ukraine war
SoundCloud has been restricted in Russia, with the country claiming “false information” about a “special military operation” in Ukraine have been circulating on the music streaming site.According to Interfax, who cite information from communications watchdog Roskomnadzor (RKN) (via Reuters), “Roskomnadzor restricted access to the SoundCloud service in connection with placement of materials containing false information regarding the nature of the special military operation on the territory of Ukraine.”The report continued, claiming that SoundCloud has been blocked at the request of the Russian Prosecutor General’s Office, with the alleged messages circulating on the website including information on “attacks on civilians, strikes on civilian infrastructure, about numerous civilian casualties at the hands of Russian soldiers”.It said access to the service was blocked at the behest of the Russian Prosecutor General’s Office, adding that the information in question related to the special operation’s form and methods of warfare including “attacks on civilians, strikes on civilian infrastructure, about numerous civilian casualties at the hands of Russian soldiers”.Elsewhere, as the war between Ukraine and Russia continues, a rapper from Russia is believed to have taken his own life after he refused to be drawn into fighting in President Vladimir Putin’s war.Walkie, whose real name was Ivan Vitalievich Petunin, told fans in a Telegram video that he couldn’t “take the sin of murder on my soul” and that his final protest would be expressed by his death.
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Warner Music Group becomes first major label to adopt fan-powered royalties system
SoundCloud, who last year announced that it’d be the first music platform to direct the fees of its paying subscribers to the artists they stream.SoundCloud said that it was “a more equitable and transparent way for independent artists who monetise directly with SoundCloud to get paid”.It’s an approach that’s been previously backed by many musicians who have criticised the economics of online streaming.Leading streaming services such as Spotify and Apple Music currently operate on a system where royalty payments are distributed in accordance with which artists have the most plays.But it has been criticised by smaller and up-and-coming acts, who claim that the system allows huge global names to generate vast amounts of money while leaving little for musicians who have not achieved similar success.Now, it’s been confirmed that Warner Music Group has implemented SoundCloud’s royalty system. Each artist credited with having earned royalties from a particular recording will earn a share based solely on each stream of that specific release.However, Far Out Magazine cites the results of a recent report by Media Research which found that 56 per cent of artists surveyed were making more revenue by using SoundCloud’s old pro-rata model rather than the new one.Numerous other major streaming platforms – including Spotify and Apple Music – are currently still using the pro-rota model.Upon SoundCloud introducing the fan-powered system, the company’s chief executive officer Michael Weissman said: “Many in the industry have wanted this for years.

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