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As soundcloud are a UK registered company you can actually see all their accounts/filings here https://beta.companieshouse.gov.uk/company/06343600/filing-histor
by raesene6 9y ago
As soundcloud are a UK registered company you can actually see all their accounts/filings here https://beta.companieshouse.gov.uk/company/06343600/filing-history https://beta.companieshouse.gov.uk/company/06343600/filing-h...
looking at their accounts to Dec 2015 (latest available), they don't make great reading. The balance sheet value went from £8m to -£34m in one year...
- komodo 9y agoI wonder what their terms were when they signed up with the labels to be yet another Spotify clone. If it was any sort of upfront payment that would hit them hard since I don't think they have many subscribers to their SoundCloud plus (or whatever it's called)