http://www.factmag.com/2016/02/11/soundcloud-financial-report-44m-losses/
I hope they pull through. That said, now probably wouldn't be the best time to upgrade to one of their paid tiers...
Would be a sad loss......
Alex
Yes - very sad. Having said that - do I pay anything towards its upkeep? No. I guess I'm a part of the problem.
Paul
Never really used it-but sad to see another avenue for musicians in trouble
Tommy
Never really cared much about soundcloud or reverbnation by I'm not much of a subscriber to social media. I like it here.
Just a heads up that I happened to see the other day on The Gear Page (thread is here (https://www.thegearpage.net/board/index.php?threads/is-anyone-else-concerned-about-losing-soundcloud.1854333/)). I have not confirmed this, but I thought it was worth sharing.
"Have you read SoundClouds TOS? You should - if the company goes down they own everything on the servers - and they will be selling off that info to the highest bidder."
If they manage to sell any of my music it will be the first time ever.
I have lost count of the number of times over the years that "SoundCloud " is closing down. Let's hope they pull through again.
Much nicer here. Soundcloud will be long dead and buried and Songcrafters will still be alive and well.
My two cents.
BBC: Soundcloud survives money scare (http://www.bbc.com/news/technology-40907724)
"Music streaming service Soundcloud will live on after securing a reported $170m (£135m) in investment."
I wonder how long it will take Soundcloud to burn through that 170 million, then who will bail them out the next time.
And the time after that. Only the government loves a loser. Birds of a feather, and all that implies.
Quote from: 64Guitars on August 11, 2017, 08:23:34 PM
BBC: Soundcloud survives money scare (http://www.bbc.com/news/technology-40907724)
"Music streaming service Soundcloud will live on after securing a reported $170m (£135m) in investment."
I know it's not that simple, but money dumps with no ROI can't last forever. I read the article, which claims there are 40 million subscribers. My guess is that only a fraction of them pay for the service. I don't use it, but it is clearly an enterprise grade product that should require some form of subscriber payment at any level. With that number of subscribers it would take a minuscule annual fee to cover base costs.
It's funny how a free introductory got turned around into an eternity. I remember when cellular service included a free cell phone if you committed to a contract for a certain period of time, and a friend of mine that works in that industry told me decades ago they paid full price for the equipment and were concerned they wouldn't be able to bail themselves out of the problem they created. Now everyone pays for their phone, either through monthly payments or purchased outright.
I wonder if services like Soundcloud may (or should) head that way soon.