What do all music streaming services have in common? They have colossal user bases, but no profit. Recent headlines paint a particularly dismal picture of the streaming market: two days ago, we learned not only that SoundCloud lost $70 million in revenue over the last two years, but also that Pandora, which reported a net loss of $19.4 million last quarter, is allegedly in talks about selling itself. Moreover, artists continue to receive paltry royalty checks from these streaming services, mak...
YouTube's Acquisition Of BandPage: A Glimmer Of Hope, And A Convergence In Entertainment Strategy
Forbes - 13 Feb 2016 20:24
What do all music streaming services have in common? They have colossal user bases, but no profit. Recent headlines paint a particularly dismal picture of the streaming market: two days ago, we learned not only that SoundCloud lost $70 million in revenue over the last two years, but also that Pandora, which reported a net loss of $19.4 million last quarter, is allegedly in talks about selling itself. Moreover, artists continue to receive paltry royalty checks from these streaming services, mak...
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