Whether it be the blog world or your personal Facebook feed, the news of Soundcloud's collapse in the next 50 days has spread far and wide. News of this collapse came from a recent article on Techcrunch and was based on a statement from two recently laid off Soundcloud employees. Now it isn't entirely absurd to think that Soundcloud is on the verge of collapse, especially after … [Read more...]
Brexit Is Having Immediate Effects On The Entertainment Industry
For those of us in the United States watching, we were witness to the slow and steady trainwreck of the UK leaving the European Union (EU) aka the Brexit. As Europe woke up they were brought into a whole new world that had immediate effects on them and their way of life. Combined with David Cameron stepping down and whispers that Scotland and Northern Ireland might leave the … [Read more...]
Twitter Just Made A Huge Investment In SoundCloud
SoundCloud has just received $70 million out of a $100 million investment from Twitter. The news comes after the music streaming startup recently attempted to capture a larger share of the music subscription market through their new program SoundCloud Go. In an interview done by Recode Twitter, CEO Jack Dorsey stated that the investment was to "to help support some of our … [Read more...]
Streaming Services, Major Labels, & Other Industry Players Join Royalty Streamlining Initiative
A new initiative from the Berklee College of Music's Institute For Creative Entrepreneurship (BerkleeICE) to create an open-source platform to track music creators and rights owners has gained support from the major labels. The initiative is called the Open Music Initiative (OMI) which is a joint effort between BerkleeICE and the MIT Media Lab, and it aims to simplify the … [Read more...]
