MediaNet

MediaNet Blog

SoundCloud Rescued and Installs New CEO, TIDAL Names New CEO Too, Amazon Eyes U.S. Ticketing

Posted by Glen Sears | August 14, 2017 9:22 am | No Comments

kerry_trainor_getty_h_2016
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.

No Comments

No comments yet.

Sorry, the comment form is closed at this time.

The MediaNet Blog

Insights, News, Announcements, and Updates on MediaNet and the ever-changing world of music, technology, industry, and law.

Get Weekly Music News Updates Directly To Your Inbox!

Recent posts

SoundCloud Rescued and Installs New CEO, TIDAL Names New CEO Too, Amazon Eyes U.S. Ticketing
SoundCloud Speculation Continues, Apple Courting Indian Music Company, Sony Music Has Huge Q1
August 7, 2017
SoundCloud May Have New Equity Deals, YouTube Red Merging with Google Play, SESAC Strikes U.S. Radio Deal
July 31, 2017

Archive

Categories

Powered by WordPress