8 years ago
SoundCloud could be forced to go silent after $44m losses
A report casts “significant doubt on the company’s ability to continue as a going concern.” SoundCloud struck a landmark deal with Universal Music Group last month, but its latest financial filings suggest the company is in dire financial straits. As Music Business Worldwide reports, the company’s recently published financial report for 2014 reveals that its overheads have increased faster than its revenue in recent years.
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