![]() Dirty Records (Andra Långgatan 4) boasts a carefully collated selection of LPs ranging from funk to 1960s psychedelia – take time to mull over your purchase in their inhouse cafe. See and do Whether it’s wafting from a bar or performed live at one of the many venues, music is a constant theme on Långgatorna, and vinyl junkies will find two of Gothenburg’s best record stores within a two-minute walk of each other. ![]() It also had a seedier side that has long been replaced with restaurants, culture and even an annual street party, Hela Dagen Lång, that is the closest thing Sweden has to Notting Hill Carnival. This spot on the south bank of the Gota was once where sailors and dockworkers with money in their pockets went looking for a good time, and a lively pub culture marks the neighbourhood to this day. While Stockholm tries hard to impress, with polished, hyper-stylised spots, the second city is more naturally cool, and nowhere more so than Järntorget and Långgatorna, where locals go to let off steam. ![]() “Google will probably be most able to monetise what SoundCloud cannot.Gothenburg is a city that’s easy to love. “Of all the potential suitors, I think Google makes the most sense,” he said, noting SoundCloud’s similarity to Google’s YouTube in its focus on user-generated content. ![]() “The biggest problem I see is that the financial problems will absorb much of management’s time in trying to raise more money, meaning that the real problems of the business go unaddressed,” independent technology analyst Richard Windsor wrote in a note. Spotify, recently valued at $13 billion, is now planning a direct listing on the New York Stock Exchange later this year or in early 2018, sources told Reuters in May. It was targeted by Spotify last year in a bid that was later aborted. The news has reignited speculation that SoundCloud will be acquired by a rival. He declined to comment on funding beyond the end of the year. Technology website TechCrunch reported, however, that staff were told at a meeting this week that the layoffs only saved the company enough cash to hold out until the fourth quarter - a comment a company spokesman has now confirmed. “We’re on our path to profitability and in control of SoundCloud’s independent future,” co-founder Alex Ljung wrote in a blog post. Last week, SoundCloud said it was firing 173 staffers and closing its London and San Francisco offices to focus on Berlin and New York. The big music labels on which most of the services depend - themselves under pressure from the shift to digital music - strike hard bargains.Īnd SoundCloud - which said three years ago it had an audience of 175 million, a figure it has not updated - lacks either Spotify’s large base of paying subscribers or the deep pockets of Apple and Amazon that can subsidise their music services. The Berlin-based start-up is different from rivals Apple, Spotify and Amazon in that it relies more on amateur musicians, for whom it provides a rare platform, and less on major commercial artists.īut like them, it has yet to turn a profit. ![]() FRANKFURT, July 13 (Reuters) - SoundCloud, the world’s biggest music-streaming service, is still struggling to find a business model - it now has just enough cash to last until fourth quarter, after laying off 40 percent of its staff, a representative said on Thursday. ![]()
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