RUMOR MILL
Wednesday, June 15, 2016
TWITTER INVESTS IN SOUNDCLOUD
Twitter has invested about $70m in SoundCloud, Recode has reported. The funding round is expected to value SoundCloud at roughly $700m.
“This investment will enable SoundCloud to remain focused on building value for creators and listeners alike, and to continue the global rollout of many company initiatives such as our recently launched subscription service, SoundCloud Go,” Twitter said in a statement to the website.
Benefits are twofold: SoundCloud could use Twitter’s help in spreading the word about its new subscription service; Twitter could finally, after years of trying, make inroads into music and attract new users, which in turn would make the company more attractive to Wall Street.
STAGECOACH: THE FINAL DESERT EXCURSION
Our weary travelers reflect on their adventure. (4/30a)
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
But it ain't over till it's over. (4/29a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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BILLIE'S BACK WITH BIG WORLD TOURrumor mail
