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who owns soundcloud stock

by Bettie Hyatt Published 3 years ago Updated 2 years ago
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While its competitors report having roughly 70 million tracks in their systems, SoundCloud supersedes this with over 300 million.
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SoundCloud.
Screenshot Screenshot of the desktop version of SoundCloud
FoundedAugust 2007
HeadquartersBerlin , Germany
OwnerSoundCloud Limited
Founder(s)Alexander Ljung Eric Wahlforss
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How many users does SoundCloud have?

SoundCloud: 175m users. SoundCloud’s advertising site used to say that “each month, we also reach more than 175 million global users” – a figure that had remained unchanged back to 2014. The figure includes SoundCloud’s own site and apps, but also people who hear tracks embedded on other websites.

Who is the founder of SoundCloud?

What Is SoundCloud? SoundCloud is an online audio distribution platform that was founded in 2007 by Alexander Ljung and Eric Wahlforss. They met while studying at the KTH Royal Institute of Technology, a university known for being one of the best schools in the world for computer science.

What is the valuation of SoundCloud?

Utilized by over 550,000 artists and music professionals, Bandsintown for Artists is an all-in-one platform that empowers artists to build their audience, drive sales, manage their fan relationships, and optimize their marketing.

How much does SoundCloud pay per stream?

SoundCloud’s payout rates are similar to those of Spotify, at roughly $0.0025 to $0.004 per stream. The exact rate is a rotating figure that is largely based on the country and continent that the user listens to the music from. On average, SoundCloud artists earn roughly $.003275 per stream.

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Who bought SoundCloud?

SoundCloud Announces $75 Million Investment from Sirius XM Holdings Inc. February 11, 2020, NEW YORK, NY – SoundCloud and SiriusXM Holdings Inc. (NASDAQ: SIRI) announced today that the leading U.S. audio entertainment company, SiriusXM, has invested $75 million in SoundCloud, the world's largest open audio platform.

Who is behind SoundCloud?

Flickr/LeWeb SoundCloud founder and CEO Alexander Ljung went from a geeky, music-obsessed teenager to the high-flying CEO of one of Europe's most-recognised startups.

Is SoundCloud public or private?

Public means anyone can listen to your track, and it will show up immediately on your SoundCloud profile page and your followers' Streams. Your private tracks are hidden from your followers after upload. You can then decide to share them exclusively via private links.

Does Google own SoundCloud?

Google is considering buying SoundCloud for $500 million, with Music Business Worldwide reporting that “high-level rumors” about the acquisition have begun to circulate. Last year, Spotify backed out of “advanced talks” to acquire the platform, which had been reportedly set at a price tag of $1 billion.

Will SoundCloud shut down?

SoundCloud says its not shutting down, and it has Chance the Rapper's support. Struggling music streaming service SoundCloud has rubbished claims that the company could be shutting up shop, amid reports that it only has enough money to last until the fourth quarter of this year.

How much is SoundCloud worth?

$500 million9. As of 2022, SoundCloud is worth around $800 million. Experts estimated SoundCloud's net worth at about $800 million in February 2022. This is a huge increase, given that SoundCloud's 2020 valuation was $500 million.

What happened to SoundCloud?

From poor management and poor direction, SoundCloud was saved from bankruptcy in 2017 after a $169.5 million investment from a sovereign wealth fund. Anchor is a platform that allows users to create, publish, and monetize podcasts. It's Squarespace for podcasting; no matter your tech skill, you can create a podcast.

Is SoundCloud still relevant 2020?

Yet despite SoundCloud's shortcomings, the platform still has 175 million monthly users — double the active users on Spotify — and serves as the birthplace of some of the most popular artists today, including Post Malone, Kehlani, and an entire slew of actually talented and successful SoundCloud rappers.

What is the #1 music app?

Spotify. Best features: There's a reason Spotify consistently comes out on top of its music app competitors: It makes 30 million tracks available to listen to or add to playlists for free.

Does Pandora own SoundCloud?

SiriusXM-owned Pandora is partnering with SoundCloud to launch “The Lookout by SoundCloud,” a new station available on Pandora that aims to showcase music from the “hip hop superstars of tomorrow.” Today's announcement comes as Pandora's parent company, SiriusXM, recently partnered with SoundCloud to launch a show of ...

Who is Spotify owned by?

The multi-billion music streaming company Spotify is primarily owned by its founders, Daniel Ek and Martin Lorentzon.

Is Spotify or SoundCloud better?

Quality Verdict. Spotify gets first place for music quality, both in audio quality and the level of artists on the platform. There are great artists on both platforms, but the music on Spotify has a more consistent level of quality for most listeners, and the technical audio quality also exceeds that of Soundcloud.

When did SoundCloud come out?

All of which were fixed in a patch, released later on. On 30 May 2017 , SoundCloud released the "SoundCloud for Windows (Beta)" desktop application to the Windows 10 Microsoft Store (digital). It was released missing many core features that were in SoundCloud's mobile apps such as 'repeat', and basic animations.

When was SoundCloud launched?

Launched. October 2008; 12 years ago. ( 2008-10) Written in. Ruby, Scala. SoundCloud is a Swedish-founded online audio distribution platform and music sharing website based in Berlin, Germany, that enables its users to upload, promote, and share audio, as well as a digital signal processor enabling listeners to stream audio.

Why did SoundCloud not move forward?

However, the project never moved forward because SoundCloud was unable to accommodate licensed music due to a lack of necessary arrangements with music labels. In July 2013, SoundCloud had 40 million registered users and new users were joining at 20 million per month.

What is Zefr on SoundCloud?

In April 2015, SoundCloud announced a new partnership with Zefr, a content tracking company that works with YouTube to help identify songs on the platform and facilitate either takedowns or ads being run against it. Zefr states it will "better understand the sharing of content on the platform.".

What is the main app of SoundCloud?

SoundCloud offers two mobile apps; the main SoundCloud app is oriented towards streaming, with music discovery, playlist, and sharing features. In November 2015, a separate app known as SoundCloud Pulse was released for Android and iOS; it is primarily oriented towards content creators, allowing users to upload and manage their uploads, reply to comments, and view statistics. Pulse's features were previously located within the main app; senior marketing manager Brendan Codey explained that the shift to separate apps was meant to allow SoundCloud to improve its user experience for content consumers, without having to worry about how these changes affect features oriented towards creators.

What is SoundCloud Go?

On 29 March 2016, SoundCloud unveiled SoundCloud Go, a subscription-based music streaming service; the service provides an ad-free experience, offline playback, and integrates licensed music from major labels into the existing, user-uploaded content of the service.

Why was SoundCloud discontinued?

The application was later discontinued due to the lack of resources maintaining their new desktop application, the mobile applications, and the web browser at the same time. On 2 May 2017, SoundCloud released an application for Xbox One, set as the basis for the beta desktop version to be released later that month.

SoundCloud Revenue

SoundCloud revenue was €90.66 m in FY, 2017 which is a 80.3% year over year increase from the previous period.

SoundCloud Operating Metrics

SoundCloud's Monthly Viewers was reported to be 175 m in Nov, 2017. SoundCloud's Monthly Unique Users was reported to be 25.7 m in Mar, 2017.

About SoundCloud Stock

SoundCloud is the world's leading social sound platform where anyone can create sounds and share them everywhere.

Other Companies

iVoox offers an online kiosk that enables its users to download, listen, and share audio contents from a range of topics.

Sound check

SoundCloud's reach is wide, but it's still a relatively small company. It's on an annual revenue run rate of $200 million, a sliver of the $8.1 billion top-line results that Sirius XM is targeting for 2020.

NASDAQ: SIRI

There's also no reason to think that this will be the end of the checks that Sirius XM cuts to SoundCloud. We don't know how large a stake Sirius XM is getting for its $75 million, but it also started with a minority position in Pandora before deciding to buy it whole.

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SoundCloud Comparisons

Developer of a music streaming platform designed to offer audio distribution and music sharing services. The company's p

SoundCloud Signals

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

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Overview

SoundCloud is an online audio distribution platform and music sharing website that enables its users to upload, promote, and share audio, as well as a digital signal processor enabling listeners to stream audio. Founded in 2007 by Alexander Ljung and Eric Wahlforss, SoundCloud has grown to be one of the largest music streaming services in the world and is available in 190 countrie…

History

SoundCloud was established in Berlin in August 2007 by Swedish sound designer Alexander Ljung and Swedish electronic musician Eric Wahlforss, and the website was launched in October 2008. It was originally intended to allow musicians to collaborate by facilitating the sharing and discussion of recordings, but later transformed into a publishing tool for music distribution. …

Platforms and features

A new APN was released in December 2012 which improved mobile device support and added features such as concurrent listening, site navigation, and the ability to create personal collections. At this time, SoundCloud was reported to be "reaching 180 million people per month", with 10 hours of content being uploaded per minute.
SoundCloud offers two mobile app; the main SoundCloud app is oriented towards streaming, wit…

Subscription services

On 29 March 2016, SoundCloud unveiled SoundCloud Go, a subscription-based music streaming service; the service provides an ad-free experience, offline playback, and integrates licensed music from major labels into the existing, user-uploaded content of the service. Co-founder Eric Wahlforss stated that this aspect would help to differentiate SoundCloud Go from other music streaming services such as Spotify and Apple Music, as it technically provides a larger total librar…

Reception

SoundCloud won the Schroders Innovation Award at the 2011 European Tech Tour Awards Dinner. In 2012, SoundCloud was named Best International Startup at the TechCrunch Crunchies award ceremony. In 2015, SoundCloud won two Webby Awards, the Webby Award and People's Choice Award for Best Streaming Audio app.
As SoundCloud evolved and expanded beyond its initial user base, consisting primarily of grassr…

Cultural impact

SoundCloud first entered the music streaming industry as a new way for artists to share and promote their music. As an online platform, artists can release music without a record label or distributor. SoundCloud users are both listeners and artists, using the platform together, creating a community focused space. Features that enable users to comment, like, and share songs allows the platform to operate as a social media site rather than a streaming service. Many artists hav…

Availability

SoundCloud is one of the largest music streaming services in the world and is available in 190 countries and territories. While it's widely available, not all users are eligible for monetization through SoundCloud Premier. Consumer subscription and advertising is established in 19 countries, including the United States, United Kingdom, Ireland, France, Australia, New Zealand, Canada, Germany, the Netherlands, Belgium, Italy, Portugal, Spain, Switzerland, Austria, Denmark…

See also

• Weird SoundCloud
• Music websites
• Music streaming services

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