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JS20

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    Richard D James SoundCloud - A Gift To The Fans

    in Aphex Twin

    Posted · Edited by jsmcpn

    ^ кокаин адский наркотик

     

     

     

    And if the google doc hasn't been hacked again, it should be found here:

     

    https://docs.google.com/spreadsheets/d/11ouNaaVrNp60Ib34Kp0TO1n1XSc7-9DvfiZ9ZiTiD2c/htmlview

     

    I talked to the guy who owns the spreadsheet a while back and he gave me exclusive rights to the user18081971-restored-bak tab, so that if the public copy gets vandalized it can be fixed using mine.  I went in the other day and undid some minor damage and added a line for tnodvood104

    Richard D James SoundCloud - A Gift To The Fans

    in Aphex Twin

    Posted · Edited by jsmcpn

    Nice post jsm. It'd be a shame for the site to die, cos it's pretty much the best way of finding underground music imo. 

     

    It certainly would be a shame - most of the money I've spent on music in the last 4 years was a direct result of discovering new indie artists through SC.  Problem is, the sales took place on Bandcamp or elsewhere!

     

    Really don't believe the subscription thing will save them. That is not going to fly. Not sure who will buy sc though. There's not a working business model, unless google can somehow make it work by reducing costs to keep it in the air.

     

    Hope richie will move his tracks to bleepstore and considers adding soundcloud functionalities to it. So the platform to post and chat about music is combined with directly buying them. (don't think bleep is wealthy enough to buy sc though)

     

    Bleep is definitely not in a position to acquire a company that is bleeding money.  As of June 2015, Bleep Limited was worth NEGATIVE 116k GBP.  Fortunately, Warp Records owns 80% of Bleep, and Warp is on pretty stable financial ground -116k isn't gonna make or break them.  Bleep seems to be turning things around though, and I bet Autechre's store made a nice improvement to the company's 2016 finances.  If Richard joined them, it could make a huge difference.

    Richard D James SoundCloud - A Gift To The Fans

    in Aphex Twin

    Posted · Edited by jsmcpn

    Are they actually MAKING money now?  In 2013 the company lost 29 million Euro, 39m in 2014, and 51m in 2015. 

    https://beta.companieshouse.gov.uk/company/06343600/filing-history/MzE2NTI4NzczOWFkaXF6a2N4/document?format=pdf&download=0

     

    I know they have changed their business model and shacked up with Big Music to try and actually turn a profit, maybe 2016 was absolutely phenomenal for them (their 2016 financial statements haven't been published on GOV.uk yet)... but generally speaking, companies that lose boatloads of money year after year don't last forever unless their government bails them out or they sell to a bigger company.

    http://www.musicbusinessworldwide.com/google-mulling-soundcloud-buyout-say-whispers-sony-universals-stakes-revealed/

     

    Co-founder of SoundCloud, Alexander Ljung, says:

     

    The assumption of a successful launch of the new subscription service is the key element of [our] financial projections for the next three years… [This] bears financial risks regarding the operating results and cash flows of the group. 

     

    The occurrence of these risks can seriously affect the ability of the group to generate sufficient cash to cover the planned expenditures and could require the Group to raise additional funds which have not yet been agreed.

     

    SoundCloud may run out of cash earlier than December 31, 2017…These matters give rise to a material uncertainty about the Group’s ability to continue as a growing concern.

     

    Whilst the directors believe that the Group will have sufficient funds to continue to meet its liabilities through 31 December 2017, the risks and uncertainties may cause the company to run out of cash earlier than that date, and would require the Group to raise additional funds which are not currently planned.

     

    If their new business model is not a smashing run-away success then they'll probably either have to sell to Google for half of what they thought they were worth, or wind the company down and hope they have enough cash remaining to pay off all the money they borrowed (over $40 million US) from a few private investors in California in April 2015. 

    Running out of cash and not being able to repay debts is pretty much the definition of going bankrupt.  Depending on their repayment terms, with that debt ($40m + 5% interest) they could be facing a multi-year financial requirement to not only prevent losing another 180+ million over the next 3 years, but also to consistently generate enough "spare" revenue to repay their creditors.  The most revenue (not the same as profit) they have managed to generate in a year is 21 million.  Even if their 2016 and 2017 revenue is triple what it was in 2015, they would likely still lose money in both those years, especially if they continue tacking on an extra 10m per year in losses in order to generate that revenue.  Based on the fact that the co-founder states that they could run out of cash this year if the business model they implemented last year isn't working, I doubt their 2016 revenues were 4x higher than 2015, so... I'd wager they lost money again.  In my opinion the company is not doing well at all, financially anyway, but time will tell if the new boat floats or not.

     

    If they end up selling to Google, I wouldn't dismiss the possibility that Google'd cannibalize the essence of SoundCloud, port that into their Google Play suite, then pull a Revolv and put the legacy SC site on 6-months-until-bricked notice, giving developers a chance to learn the new API and users a chance to migrate their tracks.  I'd expect a hefty round of DRM/fingerprinting against the incoming audio.

     

    Employee ratings of the company took a dive a while back and haven't gone back up, which usually not a good sign.  Half the reviewers think SC are not doing well, and many don't believe they have a future there.  (screenshot of Glassdoor.com page)

    vgGoH3V.png

    Favourite YouTube Videos

    in General Banter

    Posted · Edited by jsmcpn

    I'm addicted!  Gene Roddenberry and Robin Williams were murdered.  Jesus told her that most people don't think that she is crazy.  She has been having brain-to-brain sexual encounters with a Jesuit clone of Brent Spiner, even adding a disclaimer at the beginning of her autobiography) that "The Real Brent Spiner has had no willing and knowing sex with this publicist and has never desired her."  She studied WordPerfect 5.1.  Her great uncle was Howard Hughes (but she didn't know it at the time so didn't get any inheritance money).  Since her autobiography, The Real Brent Spiner DID contact her on the phone and now she has him in her life.  Since 2007 she has been voted sexiest woman alive by People Magazine...but of course the Jesuits pulled the real People edition from the shelves.

     

    https://youtu.be/mciMXwd5Feg?t=290

     

    https://youtu.be/TXbFNLE75Hk?t=350

     

    https://youtu.be/TXbFNLE75Hk?t=820

     

    https://youtu.be/ukYZbeg0D50?t=66

     

    https://youtu.be/_2zcyK-n4RA?t=116

     

    http://www.infinitelooper.com/?v=SSnJQISZPug&p=n#/384;405

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