Connect with us

Hi, what are you looking for?

EDM News

Soundcloud In Trouble

It seems as though a few of the top music streaming and purchasing platforms are having a bit of difficulty lately, and Soundcloud is the most recent to report issues.

With almost $84 million in losses over the past three years, in contrast to bringing in a bit over $41 million in that same time span, Soundcloud is seemingly headed for disaster.

The massive streaming service isn’t ready to give up yet, however. With plans in motion to introduce paid subscription accounts (we can assume these accounts would have added benefits, just like the Pro accounts), perhaps Soundcloud can raise itself back up.

One glaring problem that many point to is that their employees are paid quite well, at about $77K a year. I’m no economist, but that seems like it may add up when combined with the fact that in 2014, Soundcloud’s essential expenditures (including employees, of course), grew by a substantial $69.09 million. Ouch.

If the company wants to stay afloat, perhaps cutting back on wages would be a good start, in addition to the other plans they’re going to start rolling out.

Let’s just hope they can stay on their feet long enough to get this sorted.

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like

EDM Releases

Hey Plastik Funk! You guys have been on a roll with releases back to back, such as widely successful ‘Ever,’ ‘With You,’ ‘Love &...

EDM Events

Gianluca Vacchi ADE 2019 – After the huge success last year, Italian DJ/producer and social media star Gianluca Vacchi announces his return to Amsterdam Dance...

EDM News

    If you are an EDM artist or a record label SoundCloud is without a doubt the most important platform to share your music with...

EDM News

After six months of patiently waiting, fans of DJ/producer duo ‘Two Friends’ can rest easy knowing that their next eargasm has just arrived in...

Copyright © 2020 EDM Joy Media Limited. All Rights Reserved.