SoundCloud Mulling Billion Dollar Sale |
Are you like many DJs who have found their mixsets removed by SoundCloud? Well now SoundCloud Ltd.’s owners are considering a sale that could value the German music streaming company at $1 billion as it looks for ways to boost growth and profit from its user base, according to people familiar with the matter. SoundCloud’s founders and investors, including investment firm Doughty Hanson & Co.
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Sony Acquires Ministry of Sound
2016 |
Sony Music Entertainment has acquired Ministry of Sound Recordings.
As a result, Sony Music UK has acquired the label outright, including its artists, back catalogue and compilations business. The new relationship brings together one of the most successful UK indie labels with Sony Music, which has successfully introduced domestic acts including Mark Ronson, Paloma Faith, George Ezra and Calvin Harris across the world.
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