SoundCloud is pushing a new streaming royalties system
Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Imagesreported on August 3rd
that SoundCloud CEO Michael Weissman told the staff in a company memo that the change is mostly due to the current economic climate. Employees affected would be notified over the next several days. “Today’s change positions SoundCloud for the long run and puts us on a path to sustained profitability,” Weissman wrote in the memo. “We have already begun to make prudent financial decisions across the company and that now extends to a reduction to our team.
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