Posted by Glen Sears | August 14, 2017 9:22 am | No Comments
SoundCloud Accepts $170 Million Rescue, Taps New CEO to Replace Alex Ljung. The Raine Group, a boutique merchant bank, joined with the Singapore-based investment company Temasek, in leading a $169.5 million investment round that infuses SoundCloud with much-needed cash, and former Vimeo CEO Kerry Trainor succeeds founder Alex Ljung as chief executive.
3 Things Soundcloud Should Do To Stay Afloat. The Next Web suggest that “beyond just reshuffling upper management, there are a few things the company can do to stay alive, now that it’s starting a new chapter with a leaner team.”
TIDAL Names 4th CEO In 2.5 Years, Former Kobalt, Sony Exec Richard Sanders. Sanders joins as Kanye West threatens a major lawsuit, but buoyed by a $200 million investment from Sprint, which acquired a 33% stake of TIDAL in January.
Amazon Is Eyeing U.S. Ticketing Business. According to Reuters, Amazon sees the U.S. ticketing market as a “ripe” field for business development by the e-commerce giant, driven by consumer dislike of ticket fees and venue owners and sports leagues who want alternatives for ticket distributors.
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