The streaming platform has responded to a Techcrunch article that said it only had 50 days of funding left.
SoundCloud has given a statement in response to yesterday’s Techcrunch article about the company’s financial situation.
The article claimed that SoundCloud had only secured enough funding to last until the beginning of the fourth quarter, which starts in approximately 50 days. In a response given to RA, the Berlin-based streaming platform cited “a number of inaccuracies” in Techcrunch‘s editorial based on what it said was “a misinterpretation of information by one or two laid off employees.”
“To clarify, SoundCloud is fully funded into the fourth quarter,” the spokesperson said. “We continue to be confident the changes made last week put us on our path to profitability and ensure SoundCloud’s long-term viability.”
SoundCloud’s financial woes were back in the spotlight last week when the company announced the sudden layoffs of 40% of its staff.
“In terms of layoffs, it is our policy not to discuss individual employee cases,” SoundCloud added, “but we can share we continue to work with all employees who were let go to support them during this transition, with employment and financial assistance.”
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The recognition acknowledges dance music’s importance to the Swiss city.
Zürich has recognised “techno culture” as part of its UNESCO “intangible cultural heritage.”
“The development of techno culture in Zürich, with the Street Parade and a very distinctive club scene, lends Zürich a young, open, hedonistic and international reputation,” Walter Leimgruber, professor of cultural studies at Basel university and a member of the steering committee who helped make the UNESCO selections, told Limmattaler Zeitung.
The decision acknowledges dance music’s importance to Zürich but doesn’t bring with it any laws, funding or tax breaks. (In Berlin, Berghain received significant tax breaks after a German court ruled it was a place of cultural value alongside theatres and museums.)
The UNESCO website says that the idea behind giving things “intangible cultural heritage” status is “to support Member States in their efforts to preserve the world’s cultural diversity in a constantly changing international environment.”
There were 35 new entries to the list from across Switzerland, mostly focussing on urban traditions.
Ricardo Villalobos will help inaugurate a new label called Offline Records with a remix.
Offline is run by Brad Wilder and Christopher Groove. The latter provides the first release, due out at the end of July. The Austrian producer contributes a track called “Secret Garden,” which the label says was inspired by his time spent on Ibiza last year during the clubbing season. Villalobos’s remix of “Secret Garden” appears on the flipside.
The remix is the latest release in a busy year for Villalobos, following a handful of other reworks, an EP with Chez Damier and the Empirical House album on [a:rpia:r].
Listen to clips of both tracks.
The first release is a reissue of two tracks from Tuscany’s “pre-progressive” techno scene.
Italian artists DJ Tennis and Marvin & Guy have started a label called Life Of Marvin.
Tennis, AKA Manfredi Romano—who runs the Life And Death label—and Marvin & Guy went digging through Italian techno history for their new imprint. The aim of the vinyl-only label is to explore Italy’s “pre-progressive” techno scene, which preceded the “progressive techno” scene in Tuscany in the mid-’90s. The first release on Life Of Marvin features two tracks from Roby J and Sick Hardcore, both originally released on the Interactive Test label, which was founded by Franco and Riccardo Falsini. Future EPs on Life Of Marvin will come from Francesco Farfa, Gabry Fasano, Marco Calderoni and others.
Life Of Marvin is the latest move in a busy year for Romano, who was just tapped for a two-disc DJ-Kicks mix.
Listen to both tracks.