Soundcloud loses over £30m

Soundcloud reported a loss of £30.32m in 2014 they earned £28.66m however lost around £58m this is reportedly because of staff and expenditure growing faster than their revenue. Soundcloud has recently struck a deal with Universal Music Group as well as planning to move to a more subscription based service, this may be the increase in revenue that Soundcloud need but will enough people buy into the subscription service?

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3 thoughts on “Soundcloud loses over £30m”

  1. I think it would be good for you to look into the recent changes to soundcloud and what “soundcloud on” is, and how this will effect soundcloud and similar streaming platforms. You could also talk about if you think that soundcloud not paying any prs before soundcloud on is a bad thing and if you think the change is good.

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