SoundCloud posted a net loss of $52 million in 2015 and may “run out of cash” before the end of 2017, Music Business Worldwide reports.
The figures were revealed in a report from co-founder Alexander Ljung, who warned that the company may need to seek additional funding if its subscription service doesn’t perform as hoped.
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The rest of the story here:
http://www.factmag.com/2017/01/05/so...n-out-of-cash/
How does this impact prog, and prog musicians..?
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