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.”
NOV22 Zuesday ft Lychee x Ripley – Tuesday November 22 @ ZuZu
LIMITED TIME ONLY. DUTTY ARTS. ALL THE FEELZ. Shouldn’t even need to express how dope this set will be. You must go to there
GET TO ZUESDAY
LYCHEE LAUNCHES NEW EVENT (Visceral Dec 10) make sure you ask her about it or google it while listening to her dazzling selections, bc that shit is gonna be v lit. Litneys for days.
DIVER on resident duty, he’s got a real cute benefit for BAGLY coming up at Trophy Room, please inquire within
Tuesday, November 22, 10 PM – 1 AM
ZuZu – 474 Massachusetts Ave, Cambridge, Massachusetts 02139
fabric to reopen after striking deal with Metropolitan police and Islington council
Highbury Magistrates Court has today approved the agreement.
London’s fabric nightclub will reopen soon.
After it emerged that the club was in talks with Islington council and Metropolitan police to have its license reinstated, an agreement was rubber-stamped today at Highbury Magistrates Court. The agreement will see fabric reopen with a new set of licensing conditions. The exact reopening date has not been decided.
Philip Kolvin QC, one of the lawyers who’s been representing fabric since its license was revoked in September, told the court that fabric “has always set about trying to lead the industry,” and has engaged in a “root and branch reappraisal” of its operating procedures.
The 38 new conditions in the agreement have been outlined by fabric and the police in a joint statement, which you can read in full below. They include the use of a new ID scanning system, enhanced searching procedures, physical changes to the club, and lifetime bans for anyone found in possession of drugs or attempting to buy drugs in the club.
Architecting vs. Finding a Cultural Identity: An Interview with Dubbel Dutch
Marc Glasser, aka Dubbel Dutch to many that do not know him personally, has been a stalwart of the underground music scene since his first proper releases as a producer in 2009. Since his initial prominence, he’s worked with dancehall legends, from remixing Vybz Kartel and leaving a memorable stamp on Popcaan’s debut record, performed around the planet, and released music with labels such as Mixpak and Unknown to the Unknown. Glasser’s respect and admiration for global music styles, including dancehall, cumbia, and South African house, combined with a knowledge of classic UK funky, jungle, and hardcore tropes, help begin to explain his appeal to listeners around the world.
Shake! gave us at DRAW the chance to interview Glasser for takes on his influences, the dynamic nature of the electronic and club music scenes, and his life as a traveler. The timing for Shake’s show with Dubbel Dutch on November 4th, with Doctor Jeep and Fens warming up, couldn’t be better, because we’re bringing his Mixpak cohort, Murlo, to Good Life next week on November 10th.
Interview by DRAW Boston (somekid & Insha)
DRAW: First off, thanks for taking the time to answer a few questions from us. To start off, outside of the musical tastes you grew up on and became associated with at the beginning of your career, what are other specific sources of influence for you — be it environments or a type of media? Are there specific creators who have been a source of inspiration for you recently?
DUBBEL DUTCH: I like watching these “10 hours of waterfalls” 4K nature compilations on YouTube while I work. They remind me of those giant 70s era “moving” waterfall pictures you see hanging up in Chinese restaurants in NYC. Psychedelic drugs and meditation are a big source of inspiration for me outside of media, they let me access ideas that are less ego driven or all about me and give me a sense that anything is possible. Recently I’ve also been into the deserts around Los Angeles. I’m inspired by them because despite the extreme conditions, everything adapts and finds a way, and there’s an unrelenting struggle of hope and survival that’s at the center of everything I do.