The company, which laid off 40% of its staff in July, said in a blog post that the financing was raised from media-focused investment bank Raine Group of NY and Singapore's sovereign wealth fund Temasek.
Hamilton The Musical Launches Official App
It also offers alerts of productions' newly available ticket blocks and houses content written by the cast and creative team. Tickets for Hamilton sell out extremely quickly but with the app , you will be able to access the #Ham4Ham ticket lottery.
Details of the investment's terms have not been announced, although yesterday reports suggested that the $169.5m of new funding valued SoundCloud at just $150m.
The struggling audio-hosting startup SoundCloud has secured a financial lifeline, with two investors putting up nearly $170 million to help the company stay afloat, according to Billboard.
Trainor is joining SoundCloud's board of directors, as is Raine Group partner Fred Davis, whose legal career has seen him work for clients including Spotify, YouTube, Last.fm and Rhapsody. "This, I know, sets us up as an even greater team for the decade (s) to come". No, absolutely not. After a decade of balancing the roles of Founder, CEO and Chairman I'm excited to hand the CEO reins over to Kerry to allow me to fully focus on the role of the Chairman and the long-term.
"As a huge fan of the SoundCloud platform since its founding, I deeply admire what Alex and Eric have built", said Trainor.
SoundCloud last reported about 170 million users and saw significant increases in creator subscriptions, uploads, listening time and listener subscriptions over the past 12 months.
French leader urges calm in North Korea crisis
Trump said in a tweet Friday that USA military options were "locked and loaded" if North Korean leader Kim Jong-Un acted unwisely. As the crisis has unfolded, Trump has alternated praising China for its help and chiding it for not doing more.
Paris Considers eSports for 2024 Olympic Games
Alongside ancient athletics like martial arts, the Paris Olympic bid committee will consider adding eSports to the 2024 program. The most successful eSports titles are multiplayer online battle arena ( MOBA ) games or first person shooters ( FPS ).
No Easy Military Options in North Korea
Speaking to journalists at his New Jersey golf club, the President said that he didn't think his comments had been "tough enough". He warned that the tragedy of war is well known and a military conflict could be 'catastrophic'.
Markets Right Now: Stocks drop, led by technology companies
Penney slumped as much as 18.25 percent to a record low after the retailer reported a bigger-than-expected quarterly loss. Germany's consumer price inflation accelerated to a three-month high in July, final data from Destatis showed Friday.
Wenger braced for knife-edge Arsenal season
And he remains one of Arsenal's most important players, capable of turning a game on its head with a single moment of inspiration. Arsenal's first five Premier League fixtures are against Leicester, Stoke, Liverpool , Bournemouth and Chelsea.
Yankees' Tanaka goes on DL with shoulder inflammation
NEW YORK-The New York Yankees have put right-hander Masahiro Tanaka on the 10-day disabled list because of shoulder inflammation. The leading candidate to replace Tanaka is likely reliever Bryan Mitchell, who threw four innings Tuesday against the Blue Jays.