Soundcloud ‘may close’ after heavy losses

Soundcloud ‘may close’ after heavy losses

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norman lebrecht

February 11, 2016

The streaming service lost €39.14m ($44.19m) in 2014, according to auditors, on revenues of â‚¬17.35m. Over three years, the service has lost almost â‚¬75m.

The black crows are gathering around the Berlin-based venture.

soundcloud

Soundcloud says: ‘Over 18 million creators are using the platform, sharing well over 110 million tracks, and reaching 175 million monthly active listeners.’

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