Jungle

SoundCloud Accepts $170 Million Rescue, Taps New CEO to Replace Alex Ljung

Kerry Trainor, formerly of Vimeo, will lead the beleaguered service. Founder and outgoing CEO Alex Ljung predicts a “strong, independent future for the company.”

The SoundCloud death watch has ended.

The struggling digital music service today secured a fresh round of funding that assures SoundCloud will remain independent, even as a new executive team takes over to steer the service into the future.

The Raine Group, a boutique merchant bank, joined with the Singapore-based investment company Temasek, in leading a $169.5 million investment round that infuses SoundCloud with much-needed cash.

Former Vimeo CEO Kerry Trainor succeeds founder Alex Ljung as chief executive, and Michael Weissman, another former executive at the video platform, was named SoundCloud’s chief operating officer.

“All of this together — the capital, the capital partners — with Kerry and Mike joining our team — it puts our company in a really great position to stay strong and remain independent,” Ljung said in an interview with Billboard. “We see a strong, independent future for the company.”

Full story at Billboard

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Fixate (Exit Records, Richie Brains -UK) at elements | 19+

Facebook Event

Facebook Event

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Rinse FM: Uncle Dugs – 4th August 2017

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Metalheadz Podcast 57 – Om Unit

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Elements July 2017 lineup

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Nightclubbing: Metalheadz at Blue Note

The Metalheadz night at Blue Note was a party that will go down in history as one of drum & bass’ most important. Alongside Rage and Speed, it’s the one that is most frequently cited by the genre’s luminaries in spreading the sound worldwide. Like most nights that eventually take on a historical significance, its success is a combination of factors. Drum & bass was in its beginning stages and Metalheadz, the label, had gathered together some of its finest, young producers. It was held on a Sunday, a day that lured out the rave-shy beatmakers. And heading it all up was this irrepressible character, Goldie, a producer who was just about ready to take the whole thing global.

There are other, vitally important things to mention. A lack of traditional MCs. A fierce dubplate rivalry. A DJ who put together one of the best DJ sets ever – after not spinning records in public for more than a year. But instead of listing all of them, we’ll simply let the people that were there tell the story. Over the past few months we interviewed a majority of the night’s major players. Here is their take on Metalheadz at Blue Note.

Full story at redbullmusicacademy.com

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Devnull – BTTO Radio June 11th 2017

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Marcus Intalex aka Trevino has died

The cause of death is unknown

Manchester producer Marcus Intalex, aka Trevino, has passed away.

Details surrounding his death are not known, but fellow artists have been paying tribute to him on Twitter.

DJ Zinc posted “RIP Marcus Intalex. So sad.” Chase & Status wrote “such devastating news, another legend” and Boddika has said he is “truly heartbroken”. One fan said that he “inspired a generation”.

He was due to play at his Soul:ution party in London tonight (May 28), but promoter Ovation posted earlier today saying the night at The Pickle Factory had been cancelled.

Real name Marcus Kaye, he mainly released on his label Soul:r, also releasing on Ingredients, Metalheadz and Exit Records among others.

Full story at MixMag

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Metalheadz to release Burial remix of Goldie’s ‘Inner City Life’

The 12-inch also includes a new, unreleased version of the track from Goldie himself.

Metalheadz will put out Burial’s remix of “Inner City Life” by Goldie, as part of a Record Store Day special release this month.

Full story at Resident Advisor

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Happy VD everyone!

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