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Soundcloud Has A Really Bad Week, Apple and Deezer Show Interest, Concord Grabs ex-Warner Catalog

Posted by Glen Sears | July 10, 2017 10:25 am | No Comments

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SoundCloud Lays Off 40 Percent of Staff, Commits to ‘Independent Future’
In a statement on SoundCloud’s blog announcing the move, co-founder and CEO Alex Ljung wrote that the layoffs were due to a long-term desire to achieve profitability through cost reduction and revenue growth, in order to be “in control of SoundCloud’s independent future.”

After Laying Off 173 Employees, Does SoundCloud Really Have A ‘Path To Profitability’? According to Music Business Worldwide, in the context of SoundCloud’s recent financial results, it arguably doesn’t seem very realistic.

How Soundcloud Could Transform Deezer’s Market Narrative. Mark Mulligan claims that, despite this shift in its public narrative, Soundcloud remains a uniquely valuable asset in the streaming landscape, one that would give another streaming service a distinct competitive advantage.

Radio Still Has A Wider Weekly Reach Than Smartphones, TV. With all of the press and meteoric growth of streaming, it easy to discount radio, but for sheer monthly reach, nothing beats it, according to a new chart.

Concord Buys Yet Again In Multi-Million Dollar Deal With Warner. Concord has, in the past few weeks, fully acquired a bundle of recorded music rights as part of Warner’s post-Parlophone divestment process, including the Atlantic catalogue of US Grammy-winning singer/songwriter Jewel.

Because Confirms Acquisition Of London Records Catalog. Because stands to acquire some standout London Records catalog from Warner’s post-Parlophone divestment process, including classic albums by the Happy Mondays (like Bummed, pictured), who were originally signed to Factory Records.

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