Spotify Considers Buying SoundCloud, Along With Their 200 Million Users

first_imgA few weeks ago, Spotify announced that they surpassed 40 million subscribers; this growth rate doubles over the streaming service’s rival Apple Music. While SoundCloud recently launched a paid subscription service, they haven’t made enough profit to sustain their once-free music streams. Now, it seems as though Spotify is currently seeking to formally acquire SoundCloud, according to The Financial Times. The plot continues to thicken, as the streaming wars ensue.SoundCloud has been in financial trouble for some time now, losing upwards of $70 million over the last two years, according to a report from February. Earlier this summer, the company considered selling their online streaming service for $1 billion. The report made it clear that, while the company had “adequate resources to continue in operational existence for the foreseeable future,” SoundCloud was heavily reliant on “further capital investment” to continue operating in 2015.Now, we see another potential – for the Spotify giants to step in and take over SoundCloud.  If they were to successfully do so, the company would acquire all 200 million SC users. This would be an interesting turn of events, as both companies started in October of 2008. The details remain unclear of how the transition would navigate paid subscriptions versus free memberships, but Spotify’s acquisition of SoundCloud would be an undeniable win for Spotify.Let’s see how this one pans out…[H/T CoS]last_img read more

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Police looking for 3 ‘persons of interest’ in Hard Rock Hollywood garage shooting

first_imgSeminole Police have released surveillance video of potential shooting suspects.Authorities are searching for three people who they believe are persons of interest in a shooting that occurred Thursday morning in the Winner’s Way parking garage at the Seminole Hard Rock Hotel & Casino Hollywood.According to authorities, Pierre Jules LaCroze, 37, of North Lauderdale, was fatally shot just before 12:30 a.m. on the sixth floor of the parking garage.According to police, they are looking for two men and a woman, seen on video walking together in the casino and walking off an escalator together.Police said the group left the casino’s garage in a four-door, gray sedan that had its right-side hubcaps missing and its left brake light burned out.No motive for the shooting has been released.The FBI is assisting Seminole police detectives in the investigation.Anyone with further information about the shooting is asked to call Seminole Police at 954-967-8900. Anonymous tips can be made by calling Broward Crime Stoppers at 954-493-8477.last_img read more

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