All About Jazz

Home » News » Music Industry

Dear All About Jazz Readers,

If you're familiar with All About Jazz, you know that we've dedicated over two decades to supporting jazz as an art form, and more importantly, the creative musicians who make it. Our enduring commitment has made All About Jazz one of the most culturally important websites of its kind in the world reaching hundreds of thousands of readers every month. However, to expand our offerings and develop new means to foster jazz discovery we need your help.

You can become a sustaining member for a modest $20 and in return, we'll immediately hide those pesky Google ads PLUS deliver exclusive content and provide access to future articles for a full year! This combination will not only improve your AAJ experience, it will allow us to continue to rigorously build on the great work we first started in 1995. Read on to view our project ideas...

Google Rumored To Be Interested In Acquiring SoundCloud, Pandora Seeking Alternative Suitors To Sirius XM


Sign in to view read count
Spotfify is prepping a major IPO. But on day 3 of 2017, that's already looking unlikely to be the year's biggest story in music streaming. Google is reportedly sniffing around SoundCloud, even as Pandora's money folks search for a buyer.

Google is interested in buying SoundCloud, according to multiple sources. While we can't measure the accuracy of each of the stories that we're hearing, there's enough chatter for us to believe that where there's smoke, there's real fire.  A SoundCloud purchase would certainly end Google's also ran status in music streaming.

A deal for Spotify to buy SoundCloud for an estimated $1 billion fell through late last year, after Spotify decided that becoming an even bigger and more unprofitable company did not help its chances of having a successful IPO.

Meanwhile, after rebuffing an offer from Liberty Media's SiriusXM, Pandora's investment bankers are reportedly sniffing around for another buyer who would best what is on the table. They're also hoping that the early 2017 launch of Pandora's Spotify competitor will increase company value.

Alongside the inevitable consolidation coming in streaming and music tech, and some scrappy startups ready to make waves, 2017 is already shaping up to be quite a year.

Continue Reading...

This story appears courtesy of HypeBot.
Copyright © 2018. All rights reserved.



Sponsored announcements from the industry.